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The shares of India’s biggest private lender HDFC Bank’s stock zoomed to an all-time high of Rs 1,803.55 apiece on Monday as the broader market rallied in a post-BJP election win in Maharashtra. The share of the company gained as much as 1.

According to Nuvama Alternative, HDFC Bank was supposed to see inflows worth $1.8 billion during this second tranche of investments. However, the stock closed below both its recent high and the previous high.

“HDFC Bank shareholders are advised to hold the scrip, maintaining a stop loss at ₹1,740 apiece. Fresh investors can also buy HDFC Bank shares at the current market price for the short-term target of ₹1,850 per share," Bagadia advised.

Join us on the HDFC Bank Stock Liveblog, your hub for real-time updates and comprehensive analysis on a prominent stock. Stay in the know with the latest information about HDFC Bank, including: Last traded price 1712.

HDFC Bank, India’s largest private sector lender, holds a commanding position in the financial sector, backed by its stellar performance and robust fundamentals

On the last trading day, HDFC Bank opened at ₹1711.3 and closed at ₹1681.25. The stock reached a high of ₹1729 and a low of ₹1672.5 during the day.

Join us on the HDFC Bank Stock Liveblog, your hub for real-time updates and comprehensive analysis on a prominent stock. Stay in the know with the latest information about HDFC Bank, including: Last traded price 1797.