HDFC Bank, M&M from S&P BSE Sensex hit new high

HDFC Bank hit a new high of Rs 2,127, up 4% on the BSE in early morning trade, surpassed its previous high of Rs 2,065 recorded on May 15, 2018 in intra-day trade

Three companies – HDFC Bank, Kotak Mahindra Bank and Mahindra & Mahindra (M&M) – from the S&P BSE Sensex hit their respective new highs, on the BSE in intra-day trade on Thursday in otherwise range-bound market.

HDFC Bank hit a new high of Rs 2,127, up 4% on the BSE in early morning trade, after its American Depository Receipts (ADR) surged nearly 9% on Wednesday. The stock surpassed its previous high of Rs 2,065 recorded on May 15, 2018 on the BSE in intra-day trade.

According to Business Standard report, the allotment of employee stock options (ESOPs) has