|Bid||63.86 x 800|
|Ask||68.43 x 1000|
|Day's Range||65.71 - 67.48|
|52 Week Range||50.61 - 71.76|
|Beta (5Y Monthly)||0.78|
|PE Ratio (TTM)||26.42|
|Forward Dividend & Yield||0.58 (0.88%)|
|Ex-Dividend Date||May 11, 2022|
|1y Target Est||N/A|
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MUMBAI (Reuters) -India's HDFC Bank on Thursday completed the largest-ever bond issuance by any bank amid strong demand from long-term investors, but the large fundraise is unlikely to impact yields for upcoming issues from banks as there is enough demand, said analysts. The private lender raised 150 billion rupees ($1.85 billion) through 10-year Tier-II bonds at an annual coupon of 7.86%, for which it had received bids worth 240.80 billion rupees, according to merchant bankers. "The issue saw very strong bids from large investors and, in fact, the bond has been trading at a premium in the secondary market as traders did not get much stock from the primary (issue)," said Ajay Manglunia, managing director and head of investment grade group at JM Financial.
India's largest private lender HDFC Bank on Saturday reported a 20% rise in net profit in the September quarter of this financial year, buoyed by higher loan growth and rise in other income. Net profit rose to 106.05 billion rupees, beating estimates. Net interest income, the difference between interest earned and paid out, was at 210.21 billion rupees, a 18.9% jump.
In this article, we discuss 12 best Asian stocks to buy today. If you want to read about some more Asian stocks, go directly to 5 Best Asian Stocks To Buy Today. Higher energy and food prices are impacting the economies of developing Asian countries more than the rest of the world. According to a […]