|Bid||112.29 x 800|
|Ask||112.28 x 1000|
|Day's Range||111.51 - 112.98|
|52 Week Range||85.43 - 131.78|
|Beta (3Y Monthly)||0.22|
|PE Ratio (TTM)||216.77|
|Forward Dividend & Yield||0.65 (0.63%)|
|1y Target Est||134.22|
Surprise tax cuts in India fueled the domestic stock markets as well as India stocks and India ETFs trading in the U.S. HDFC Bank stock popped.
MUMBAI/NEW DELHI (Reuters) - HDFC Bank Ltd, the largest private lender in the country, registered a 21% net profit rise for the June quarter on the back of strong retail lending, it said on Saturday. Net profit rose to 55.68 billion rupees ($808.71 million) in the quarter ending June 30, compared with 46 billion rupees in the corresponding quarter last year. The results were in line with market expectations as analysts had expected the bank to clock a net profit of 56 billion rupees for the quarter, Refinitiv data showed.
HDFC, one of the best bank stocks among emerging-market economies, has kept pace with U.S. markets this year and could be at an inflection point.
Indian indexes were the best-performing ones in Asia today. The S&P BSE Sensex gained 0.4% to close at 39,592 while the NSE Nifty 50 gained 0.43% to close at 11,848. Out of the 30 stocks in Sensex, 19 gained, and the remaining lost. With 1.64% gains, HDFC Bank (HDB) was one of the top gainers.
After trading flat on June 19, Indian indexes finally looked up. The benchmark S&P; BSE Sensex gained 1.25%, while the NSE Nifty 50 rose 1.2%. For both of the indexes, most sectors were trading in the green on June 20.
Among top stocks to watch, HDFC Bank is a bit of an anomaly in the financial sector because of solid growth prospects and a bullish chart.
Zacks.com featured expert Kevin Matras highlights: Rent-A-Center, North American Construction, Rosetta Stone, lululemon athletic and HDFC Bank
BENGALURU (Reuters) - Indian shares ended lower for a third straight session on Tuesday, erasing gains in morning trade, hurt by declining financial shares such as HDFC Bank and automobile stocks such ...
Net profit rose 22.6 percent in the fourth quarter through March from 47.99 billion rupees a year ago. HDFC Bank is the first major Indian lender to report results for the final quarter of the year. Net interest income was up 22.8 percent, while the net interest margin was 4.4 percent.
Zacks.com featured expert Kevin Matras highlights: Walker & Dunlop, Herc, ICICI Bank, HDFC Bank and resTORbio
Despite Record Highs, India Underperformed Emerging Markets(Continued from Prior Part)Macro headwindsIndian equity markets have reached an all-time high. Leading ADRs ICICI Bank (IBN), HDFC Bank (HDB, Infosys (INFY), and Wipro (WIT) have gained
With economic growth slowing worldwide in 2019, investors looking for growth sources have been forced to get creative. Ongoing concerns about the outcome of the Sino-American trade war have clouded the outlook for the Chinese market, but India has the sixth-largest economy in the world and is expected to grow by 7.3 percent this year, according to the International Monetary Fund. Unreliable Numbers? Unfortunately for India investors, growth projections are dropping worldwide — and India may be no exception.
Despite Record Highs, India Underperformed Emerging MarketsIndian equities Globally, stock markets were strong in the first quarter. The rally wasn’t limited to equity markets alone, and commodities also joined the party. The S&P 500 (SPY)