- HDB Financial shares have surged nearly 18% since their debut, Strong demand follows a ₹9,814 crore block deal by HDFC Bank.
HDB Financial Services isn’t done rallying. Two days after its blockbuster debut, the stock tacked on more gains in early Thursday trade, hitting ₹891 on the BSE, up 6% intraday. That pushes its post-IPO return north of 20% from the issue price of ₹740.
The real kicker? HDFC Bank just offloaded 13.5 crore shares of HDB Financial in a ₹9,814 crore block deal. Ordinarily, that kind of stake sale would spook the market. But not this time. Bulls held the line, brushing off dilution concerns and betting on HDB’s long-term growth story. The strong institutional appetite continues to be the dominant theme.
HDB Financial Share Price Chart Analysis
- Current price: ₹872.60
- Resistance levels: ₹891.00, then ₹900.00
- Support zones: ₹858.00, followed by ₹840.00
Momentum is firmly intact, with bulls defending higher lows. A sustained close above ₹891 would open the door for a psychological push toward ₹900. But if price dips below ₹858, a short-term pause could materialize, not trend reversal, just digestion.
This article is also available in: Polski, Nederlands, हिन्दी, Deutsch, Italiano, Español, Türkçe.