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The Economic Times

Business

Debaroti Adhikary

HDFC Bank shares fall 2% to fresh 52-week low, tumble 30% in 10 months. What lies ahead?

HDFC Bank United States Lawsuit Sudeep Shah Carlisle Economic Times Goldman Sachs

Shares of HDFC Bank dropped 2% on Thursday to hit a fresh 52-week low after a securities lawsuit in the US was reportedly filed against India's largest private lender and two senior executives.

HDFC Bank shares dropped to Rs 710 apiece on Thursday, marking more than 30% fall in a little over 10 months since hitting a 52-week high of Rs 1,020.50 apiece in October last year. The bank’s market capitalisation slipped below Rs 11 lakh crore.

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