Shares of HDFC Bank rose for the third straight day and hit a fresh record high of Rs 1,488, up 2.5 per cent, on the BSE on Tuesday. The stock has risen 5 per cent in the past three trading sessions after foreign portfolio investors (FPIs) increased their stake in the private sector lender for the third quarter in a row.
According to the December 2020 quarter shareholding pattern filed by HDFC Bank, FPIs stake in the bank increased to 39.35 per cent from 37.43 per cent at the end of September quarter. FPIs held 36.68 per cent stake in