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HDFC Bank share price looks set to snap a 7-day winning streak; is it time to buy more or book profit?
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₹1,672.85 against its previous close of ₹1,669.35 but soon fell about 1.5 per cent to the level of ₹1,644.85 on profit booking.Market benchmark Nifty 50 also erased all gains and declined by 0.3 per cent after hitting a fresh record high of 23,667.10.The HDFC Bank share price has gained nearly 7 per cent in the last seven sessions. However, the stock's last one-year performance has been quite sombre.
It has gained just 4 per cent over the last year, against a solid 25 per cent gain in the benchmark Nifty 50.On February 14 this year, HDFC Bank's stock reached a 52-week low of ₹1,363.55. Since that date, the stock has experienced a significant rally of about 22 per cent.
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