94.80 -0.02 (-0.02%)
After hours: 4:02PM EST
|Bid||94.73 x 1400|
|Ask||94.95 x 900|
|Day's Range||94.76 - 96.36|
|52 Week Range||85.43 - 112.10|
|Beta (3Y Monthly)||1.05|
|PE Ratio (TTM)||183.19|
|Forward Dividend & Yield||0.55 (0.58%)|
|1y Target Est||N/A|
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BENGALURU/NEW DELHI (Reuters) - HDFC Bank Ltd has reported record profit for the three months ending Sept. 30 broadly in line with expectations, helped by higher interest and fee income. Net profit rose to 50.05 billion rupees ($682.16 million) for the quarter ended Sept 30, from 41.51 billion rupees a year ago, India's biggest lender by market capitalisation said in a statement. Fifteen analysts, on average, had expected a net profit of 50.30 billion rupees, according to I/B/E/S data from Refinitiv.
Back in the late 1990s, I took a job at a small brokerage house in Manhattan. Tech stocks were all the rage. But my training broker was pushing financial stocks.
In March 2018, HDFC Bank Limited (NSE:HDFCBANK) announced its latest earnings update, which showed that the company experienced a strong tailwind, eventuating to a double-digit earnings growth of 21.6%. Below,Read More...
(Reuters) - HDFC Bank on Friday said its Deputy Managing Director Paresh Sukthankar has resigned and will vacate his post in 90 days. The resignation comes after the bank said in June it was seeking shareholders' ...
HDFC's qualified institutions placement (QIP) of 12.8 million equity shares in India was also priced at Rs. 2,160 per equity share, which is expected to raise about Rs. 27.61 billion, the bank said in a filing. Proceeds from the ADSs offering and the QIP are expected to be used to strengthen the bank's capital structure and to support growth and expansion, the bank said.
HDFC Bank Ltd , India's second-biggest lender by assets, on Tuesday said its U.S. public offering of 17.5 million American depository shares (ADS) was priced at $104 each, raising about $1.81 billion. HDFC's qualified institutions placement (QIP) of 12.8 million equity shares in India was also priced at Rs. 2,160 per equity share, which is expected to raise about Rs. 27.61 billion, the bank said in a filing https://bit.ly/2LCoL65. Proceeds from the ADSs offering and the QIP are expected to be used to strengthen the bank's capital structure and to support growth and expansion, the bank said.
NEW DELHI/BENGALURU (Reuters) - HDFC Bank Ltd launched separate share sales on Monday in the United States and its home Indian market in a bid to raise as much as 155 billion rupees ($2.26 billion). The Indian lender, which is also listed in New York, is offering up to 19 million American Depositary Shares, representing 57 million equity shares, according to a filing. HDFC, the Indian bank with the highest market capitalisation, also opened a share sale in India, which according to a deal term sheet has a base size of 20 billion rupees with an option to upsize to up to 37.5 billion rupees.
HDFC Bank Ltd launched separate share sales on Monday in the United States and its home Indian market in a bid to raise as much as 155 billion rupees . The Indian lender, which is also listed in New York, ...
HDFC Bank Ltd launched share sales in India and the United States on Monday, as part of a previously announced plan to raise more than $2 billion. The bank set a floor price at 2,179.13 rupees per share ...
(Reuters) - Indian shares climbed to record closing highs on Monday, led by strong gains in heavyweights Reliance Industries Ltd and ICICI Bank Ltd, while investor focus turned to a central bank policy ...
HDFC Bank Ltd posted a 18.2 percent rise in first-quarter net profit but missed analysts' estimates as the lender chose to include all mark-to-market losses in the first quarter, leading to higher provisions. Net profit rose to 46.01 billion rupees ($669.43 million) for the quarter ended June 30, from 38.94 billion rupees a year ago, India's second-biggest lender by assets said in a statement. Analysts had on average expected a net profit of 47.66 billion rupees for the bank that has the highest market capitalisation in the sector at nearly $85 billion, according to Thomson Reuters data.
I’ve been keeping an eye on HDFC Bank Limited (NSE:HDFCBANK) because I’m attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believeRead More...
Moody's Investors Service has today assigned Counterparty Risk Ratings (CRRs) to 15 rated banks and their branches, as applicable. The 15 Indian banks comprise: 1) Axis Bank Ltd, 2) Bank of Baroda, 3) ...
HDFC Bank Limited (NSEI:HDFCBANK) is trading with a trailing P/E of 28.6x, which is higher than the industry average of 22.7x. Although some investors may jump to the conclusion thatRead More...
In March 2018, HDFC Bank Limited (NSEI:HDFCBANK) released its most recent earnings update. Generally, analyst forecasts seem fairly subdued, with earnings expected to grow by 17.73% in the upcoming yearRead More...
HDFC Bank Ltd. may extend its record run as global funds rush to snap up shares of India’s most-valuable lender before the regulator makes market structure changes, Macquarie Capital Securities (India) Pvt. On Friday, India will introduce a new system monitoring foreign ownership limits in real time. Overseas funds may buy as much as $1 billion of HDFC Bank stock on Friday to take advantage of the increased ownership headroom due to the new tracking system, and their continued access to the old facility, Macquarie analysts Suresh Ganapathy, Nishant Shah and Akash Nainani wrote in a May 30 note.
HDFC Bank Limited’s (NSEI:HDFCBANK) released its most recent earnings update in March 2018, which signalled that the business gained from a robust tailwind, leading to a double-digit earnings growth ofRead More...
One of the key aspects of building a solid portfolio is diversification. Numerous studies have shown that including a mix of various investments within a portfolio can yield higher returns over the long run and significantly reduce risk. Through diversification, a portfolio contains securities that are not perfectly correlated. In the past, diversification involved selecting […]