Mon, Jan 29, 2024
At around 9:23 a.m., shares of HDFC Bank traded 1.40 per cent or Rs 20.10 higher at Rs 1455.4 apiece. Meanwhile, at around the same time, LIC shares flat at Rs 903.3 apiece.
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Tue, Jan 23, 2024
At the close, Sensex ended with a cut of 1053 points or 1.47 per cent at 70,370.55, while Nifty ended weak by 333 points or 1.54 per cent at 21,238.8.
HDFC Bank shares touched a fresh 52-week low in early trade on Jan 23 extending their post-Q3 earnings slump. The stock fell 1.26% to Rs 1,459.95, further entering oversold territory with an RSI of 24.5. This follows a 10% drop last week after the bank reported its December 2023 results. Market cap dropped to Rs 11.12 lakh crore despite a broader market rally. Analysts' views are mixed, with CLSA maintaining a buy rating while acknowledging investor concerns.
Fri, May 21, 2021
Amid the coronavirus pandemic, senior citizens special fixed deposit schemes were introduced in order to safeguard the interests of senior citizens as the interest rates were falling rapidly.
Thu, May 20, 2021
The stock markets today ended the day in the red. While the BSE Sensex closed at 49,564.86, down by over 337 points or almost 0.7 per cent, the broader market NSE Nifty 50 was trading 14,906.05, up by over 124 points or 0.8 per at the end of the trading session
Thu, May 06, 2021
“Due to scheduled maintenance activity, NetBanking and MobileBanking App will not be available on 8th May ’21 from 02:00 AM to 05:00 AM. Regret the inconvenience caused,” a message from the bank read
Fri, Apr 23, 2021
Banking working hours may be shortened and operations are likely to be affected soon. The Indian Banks' Association (IBA) has issued an advisory to banks in which it has asked them to curtail working hours and cut staff attendance to just 50 per cent
Mon, Apr 19, 2021
After the release of HDFC Bank quarter 4 results, brokerage firms have given the stock either overweight or a buy recommendation. India’s second-largest lender, HDFC Bank’s profit grew by over 18 per cent to Rs 8186 crore in the Q4 of the financial year 2020-21
Thu, Apr 15, 2021
Vishal Wagh, Research Head at Bonanza Portfolio says that banking and financial sector is facing major supply pressure issues thanks to the surging cases of Covid-19 and the steps like corona curfew and implementation of section 144 in a state like Maharashtra will add more fear to it. The second wave of Covid-19 has put selling pressure on the Indian market
Thu, Apr 01, 2021
Analyst Nilesh Jain of Centrum Broking said that a leadership position is expected to come back for the Bank Nifty in April Series. The AVP said that he expected the Bank Nifty to trade in the range between 35,000 and 35,500. The immediate support on it is at 33,000
Bank Holidays April 2021: There are several bank holidays in April but as per the Reserve Bank of India (RBI), the banks will remain closed for 9 days this month.
Tue, Mar 30, 2021
Nifty, Bank Nifty rebalancing: BIG changes in Nifty and Bank Nifty from 31 March. The rebalancing in Nifty, Bank Nifty comes into force from Wednesday. Which stock will see an increase in the weightage while what all stocks will lose? Devanshi Asher has this detailed report
Bank Holidays April 2021: The banks across country will remain closed for 9 days in April as per the Reserve Bank of India (RBI) calendar for bank holidays. These holidays by the RBI will vary from state-to-state and will also depend on banks.
An improvement in velocity of ICICI Bank's operating profit growth & steady credit cost will bring down volatility in earnings, which has been a key reason for 55% discount in valuation vs. HDFC Bank.
Mon, Mar 29, 2021
The customers are likely to face challenges in transactions in the coming days. Week starting from March 27 to April 4, bank branches across segments will be functioning for two days. The only two days working would be 30th of March and 3rd of April, of which many bank branches function half day.
Jefferies said that management of HDFC Bank was confident of expanding market share in loans from 10% to 15%, implying 18-20% CAGR over medium term. This shouldn't impact underwriting quality & profitability. Jefferies maintains Buy rating on HDFC Bank with a price target of Rs 1860.
Fri, Mar 26, 2021
Jefferies said that management of HDFC Bank was confident of expanding market share in loans from 10% to 15%, implying 18-20% CAGR over medium term. This shouldn't impact underwriting quality & profitability. Jefferies maintains Buy rating on HDFC Bank with a price target of Rs 1860. HDFC Bank share price today is Rs 1485, up Rs 22 or 1.5%.
Tue, Mar 23, 2021
SBI, HDFC Bank, ICICI Bank, Axis Bank stocks: Today, Nifty Bank index was trading positively at around 3 pm on with major stocks like SBI, HDFC Bank, ICICI Bank, and Axis Bank trading positively. While Nifty Bank was trading at 34,334.35, up by almost 2.2 per cent, Axis Bank was the top gainer and was up by over 3% from the previous closing price of Monday. SBI was up by 1.9%
Jefferies interaction with HDFC Bank on retail business indicates that momentum on client acquisition is buoyant despite Covid and will help grow through cross-sells. Growth in retail loans will be led by housing, LAP, auto, gold and retail working capital; retail is growing MOM for 6 months and above pre-Covid. New launches in auto and healthcare loans hold promise.
Mon, Mar 22, 2021
RBI is still reviewing HDFC Bank's digital platforms and as per management, the focus is not only on managing flow of transactions, but also on building a globally comparable platform. Also, recent reports of temporary overhang of its system is a bit concerning. Jefferies believes that the complexity of payment systems has increased over the past 5 yrs as this combines a multitude of analytical platforms that require much stronger back-end
Tue, Mar 16, 2021
Bank Strike Day 2: The banks across India will remain closed today (March 16) as part of the two-day strike call made by All India Bank Employees` Association (AIBEA).
Mon, Mar 15, 2021
Banking operations across the country will be affected on today and tomorrow as bank unions go on strike for two days against the proposed privatisation of two state-owned lenders.
Sun, Mar 14, 2021
Banking operations across the country could be impacted on Monday and Tuesday as United Forum of Bank Unions (UFBU) has given a call for a nationwide strike to protest against the proposed privatisation of two state-owned lenders.
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