HDFC Bank let go of Rs 40,000 cr loans as pricing didn't match bond mkt rates
HDFC Bank's stock to turn bearish only beneath the support of Rs 1,500
Outlook on margin trajectory, asset quality in Agri/Unsecured book, and commentary around credit cards, traction in fee income, and the merger with HDFC will be the key monitorables, analysts said
Stocks to Watch Today: Shares of Paytm are likely to be in limelight as the company plans share buyback; board to meet on December 13.
The bank has already received the approval of the equity shareholders, which includes public shareholders, to the proposed merger scheme
The level of M&A activity in 2022 was in line with recent pre-pandemic levels
Private sector banks' outlook is brighter on a relative basis, and the players will outperform benchmark indices from a 6-12 months' perspective, analysts say
Metals, state-owned oil marketing companies, and export/global economy-linked sectors may not see any meaningful rally
According to HDFC's latest annual report, the mortgage lender has over 10 subsidiaries, including HDFC Life Insurance, HDFC Ergo General Insurance, and HDFC Asset Management
Decision comes ahead of merger; RBI had halted move ahead of Aditya Puri's retirement
The ultimate objective is that corporate governance systems must become simpler; not more complicated, Parekh said
According to a Macquarie report, the merged entity of HDFC-HDFC Bank may command a MSCI Weight of 13 per cent, up from 5.78 per cent
From a long-term perspective, they see up to 40.4 per cent upside in HDFC Bank's stock as growth outlook remains intact
The adhesive maker's inclusion to be ad hoc; analysts divided over treatment around HDFC's removal
The trend seems buoyant on the weekly chart with the 200-WMA, placed at Rs 1,285-level, acting as a major support for the stock.
Stocks to watch today: Electronics Mart will make its debut on the bourses today. As per IPO Watch, the company could list with a healthy premium of up to 50% over issue price of Rs 59 apiece
HDFC Bank reported a 20.1 per cent year-on-year increase in net profit to Rs 10,605.8 crore in July-September
For the quarter under review, HDFC Bank's net interest income, which is the difference between interest earned and interest expended, grew 18.9 per cent on-year to Rs 21,021.2 crore
HDFC Bank Q2 preview: Given higher advances growth, and rise in lending rates, analysts believe margins are likely to be up around 10-15 basis points quarter on quarter