Mumbai, April 15 (Udaipur Kiran): Shares of HDFC Bank rose by over 2 per cent on Wednesday, recovering after recent declines. The stock opened at Rs 808.95 and touched an intraday high of Rs 814.90 during trading.
The buying interest comes after strong investments by mutual funds in March. Data shows that mutual funds purchased HDFC Bank shares worth Rs 17,250 crore during the month, indicating renewed confidence among institutional investors.
Among major buyers, ICICI Prudential Mutual Fund acquired shares worth Rs 5,073 crore, while SBI Mutual Fund and Nippon India Mutual Fund bought shares worth Rs 2,706 crore and Rs 2,145 crore respectively. By the end of March, SBI Mutual Fund held shares worth Rs 60,646 crore in the bank, followed by ICICI Prudential Mutual Fund with Rs 42,626 crore and Nippon India Mutual Fund with Rs 24,429 crore.
Other key investors included Parag Parikh Flexi Cap Fund, UTI Mutual Fund, HDFC Mutual Fund and DSP Mutual Fund, which collectively made significant purchases during the period.
Additionally, Tata Mutual Fund, Aditya Birla Sun Life Mutual Fund, Edelweiss Mutual Fund, Canara Robeco Mutual Fund and Mirae Asset Mutual Fund also added HDFC Bank shares to their portfolios in the March quarter.
The stock had been under pressure in recent months. In March alone, HDFC Bank shares declined by 17.50 per cent, marking the steepest monthly fall since March 2020. This was also the fourth consecutive month of decline, with the stock down around 20 per cent so far in 2026.
Market sentiment had weakened earlier following the sudden resignation of Atanu Chakraborty, which raised concerns over the bank’s operations.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
