In the past six months, HDFC Bank has outperformed the market by surging nearly 20 per cent, as compared to 6.7 per cent rise in the BSE Sensex.
SBI, Indian Bank, UCO Bank, Bank of Maharashtra, Punjab & Sind Bank, Canara Bank and Punjab National Bank from the PSU banks were up in the range of 1 - 3 per cent.
Merger expected to be completed by this July
Reacting to the penalty imposed by the central bank, HDFC Ltd said, it will take necessary steps to comply with the directions
Adani Ports, Hindalco among stocks with 100 per cent 'Buy' rating by analysts.
Barring PNB Housing Finance, other housing finance stocks indicate weakness, with selling pressure to mount further if crucial levels are breached.
ICICI, Axis, HDFC Bank, ICICI Securities Primary Dealership arranged the deal
Monetary policy, interest rate actions had short-term impact on net interest income, says mortgage major
HDFC's Q3 net profit beat Street estimates which had pegged PAT around Rs 3,730 crore
Stocks to watch today: The Board of Adani Enterprises (AEL) has announced that it will not go-ahead with the fully subscribed Follow-on Public Offer (FPO)
In the past three months, HDFC Bank (up 13 per cent) and HDFC (up 15 per cent) have outperformed the benchmark S&P BSE Sensex
Stocks to watch today: In a relief to multiplexes, the Supreme Court on Tuesday said that theatre owners had the right to prohibit outside food and beverages on their premises
The bank has already received the approval of the equity shareholders, which includes public shareholders, to the proposed merger scheme
Given the recent underperformance of the mid-and small-caps compared to their larger peers, analysts expect these two market segments, especially the small-caps, to catch up now
Metals, state-owned oil marketing companies, and export/global economy-linked sectors may not see any meaningful rally
Parekh said the voting process of shareholders on the proposed merger has received "fair amount of votes" from shareholders already
Stocks to Watch Today: Bikai Foods, Global Health (Medanta) set for market debut today. Meanwhile, in the F&O segment, BHEL, Delta Corp, GNFC, PNB and Sun TV were in F&O ban period on Wednesday.
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
Analysts positive on stock, expect it to trade in the Rs 2,750-Rs 3,000 range
Shifted from quarterly reset for individual loans to monthly one