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HDFC Bank Shares Gain 3.5% On Theleme Master Fund Stake Buy

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Shares of HDFC Bank gained over 3% in intra-day trade on March 31, 2020. In the session so far, the stock opened at Rs. 857 per share while made an intra-day high and low of Rs. 862.45 and Rs. 838, respectively, on the BSE.

HDFC Bank Shares Gain 3.5% On Theleme Master Fund Stake Buy
 

The stock surged after Theleme Master Fund, a UK-based hedge fund, bought over 31 lakh shares in the banking entity via an open market transaction for Rs. 280 crore. Also, Morgan Stanley Asia (Singapore) PTE - ODI sold 31,07,852 shares of the bank at an average price of Rs. 901.

5,454,855 shares changed hands in the counter on the NSE.

At 10:24 am, the stock of HDFC Bank quoted higher by 2.74% at Rs. 855.85 per share.

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