New Delhi, Oct. 22 -- HDFC Bank share price declined more than 2% in intraday trade on the BSE on Thursday, 22 October, looking set to extend losses for the fourth consecutive session. HDFC Bank shares opened at Rs.701 against their previous close of Rs.706.40 and declined 2.1% to an intraday low of Rs.691.40.

The stock has delivered negative returns over the last several years now. As per BSE data, while year-to-date (YTD) the stock is down 30%, over the last one year, it is down 31%.

On longer timeframes of 2, 3, and 5 years, the stock has dropped 19%, 9%, and 18%, respectively.

The heavyweight banking stock rose to a 52-week high of Rs.1,020.35 on 23 October last year and a 52-week low of Rs.682 on 11 September this year.

According...