Powered by: Motilal Oswal

News

Zaggle touches the roof on entering into agreement with HDFC Bank Zaggle Prepaid Ocean Services is currently trading at its upper limit of Rs. 551.10, up by 26.20 points or 4.99% from its previous closing of Rs. 524.90 on the BSE. The scrip opened at Rs. 525.00 and has touched a high and low of Rs. 551.10 and Rs. 525.00 respectively. So far 86715 shares were traded on the counter. The BSE group 'T' stock of face value Rs. 1 has touched a 52 week high of Rs. 551.10 on 09-Dec-2024 and a 52 week low of Rs. 207.50 on 17-Jan-2024. Last one week ...
Zaggle touches the roof on entering into agreement with HDFC Bank
Zaggle touches the roof on entering into agreement with HDFC Bank
Source: Accord Fintech
2024-12-09 03:22:04 pm
Mcap of six of top-10 most valued firms surges Rs 2.03 lakh crore, TCS biggest winner  The combined market valuation of six of the top-10 most valued firms surged Rs 2.03 lakh crore last week as the Indian stock market ended with gains.  In the trading session from December 2 to December 6, Nifty closed at 24,677 with a gain of 2.27 per cent or 546 points and Sensex closed at 81,709 with a gain of 2.39 per cent or 1,906 points. This was the third consecutive week when the stock market closed in the green. Among the top 10, Tata Consultancy Services (TCS), HD...
Mcap of six of top-10 most valued firms surges Rs 2.03 lakh crore, TCS biggest winner
Mcap of six of top-10 most valued firms surges Rs 2.03 lakh crore, TCS biggest winner
Source: IANS
2024-12-08 05:26:12 pm
Myntra`s EORS to showcase over 3.5mn trend-first styles from over 9,500 brands Myntra, one of India’s leading fashion, beauty, and lifestyle destinations, brings the 21st edition of the iconic End Of Reason Sale (EORS), live now until December 17.  Marking a decade of extraordinary success, this shopping spectacle is set to dazzle fashion and beauty enthusiasts nationwide. Millions of shoppers from Tier-I&II cities, as well as beyond, can dive into an expansive collection from leading international, domestic, and homegrown brands, offering more tha...
Myntra`s EORS to showcase over 3.5mn trend-first styles from over 9,500 brands
Myntra`s EORS to showcase over 3.5mn trend-first styles from over 9,500 brands
Source: IANS
2024-12-07 05:08:58 pm
Indian banks` credit growth moderates in October as unsecured loans slow, data shows  Indian banks' loan growth moderated year-on-year this October, central bank data showed on Friday, as the growth of unsecured loans slowed following the Reserve Bank of India's efforts to clamp down on exuberant lending. Banks' credit grew at 12.8% year-on-year last month, slower than the 15.4% increase in October 2023, excluding the impact of HDFC Bank's merger with its parent Housing Development Finance Corp (HDFC), the RBI said. Including the impact of the merge...
Indian banks` credit growth moderates in October as unsecured loans slow, data shows
Indian banks` credit growth moderates in October as unsecured loans slow, data shows
Source: Reuters
2024-11-29 05:19:31 pm
India economy grows 5.4% in July-Sept quarter India's economy slowed much more than expected in July-September, expanding by only 5.4% year-on-year, data showed on Friday, weighed down by weak urban consumption following a rise in food prices. A Reuters poll had predicted a 6.5% expansion in gross domestic product for the quarter ending Sept. 30. COMMENTARY ADITI NAYAR, ECONOMIST AT ICRA, GURUGRAM In light of the recent spike in CPI inflation, we anticipate a status quo from the RBI's monetary policy meeting next week...
India economy grows 5.4% in July-Sept quarter
India economy grows 5.4% in July-Sept quarter
Source: Reuters
2024-11-29 05:12:30 pm
HDFC Bank edges higher on launching Pragati Savings Account for semi-urban, rural India HDFC Bank is currently trading at Rs. 1794.25, up by 1.35 points or 0.08% from its previous closing of Rs. 1792.90 on the BSE. The scrip opened at Rs. 1794.05 and has touched a high and low of Rs. 1804.25 and Rs. 1783.10 respectively. So far 175308 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1836.05 on 28-Nov-2024 and a 52 week low of Rs. 1363.45 on 14-Feb-2024. Last one week high and low of the scrip stood ...
HDFC Bank edges higher on launching Pragati Savings Account for semi-urban, rural India
HDFC Bank edges higher on launching Pragati Savings Account for semi-urban, rural India
Source: Accord Fintech
2024-11-29 03:39:50 pm
Headwinds yet to peak out, Nifty target cut to 27,381 : PL Capital- Prabhudas Lilladher PL Capital- Prabhudas Lilladher, one of the most trusted financial services organisations in India, in its latest India Strategy Reportstated that the Indian markets are on course but headwinds are yet to peak out. The firm has cut its base case NIFTY target to 27,381 (27,867 earlier) on Nifty EPS cut by 0.5/2.0/1.5 for FY25/26/27 and recommends selective buying on dips for long-term gains. According to the report, demand conditions remain mixed with steady uptick in rural demand given low...
Headwinds yet to peak out, Nifty target cut to 27,381 : PL Capital- Prabhudas Lilladher
Headwinds yet to peak out, Nifty target cut to 27,381 : PL Capital- Prabhudas Lilladher
Source: Prabhudas Lilladher Pvt. Ltd
2024-11-28 12:08:36 pm
Stock Picks : HDFC Bank Ltd and Power Finance Corporation Ltd By ICICI Direct HDFC Bank Ltd Buy HDFC Bank Ltd @ 1805-1807 Target 1825.00 Stop Loss 1794.70   Power Finance Corporation Ltd Buy Power Finance Corporation Ltd @ 488-489 Target 495.00 Stop Loss 485.30   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : HDFC Bank Ltd and Power Finance Corporation Ltd By ICICI Direct
Stock Picks : HDFC Bank Ltd and Power Finance Corporation Ltd By ICICI Direct
Source: ICICI Direct
2024-11-28 10:44:41 am
Credit card spending in India crosses Rs 2 lakh crore in Oct  As festive season saw robust growth in India across all parameters, credit card spending crossed Rs 2 lakh crore in October, a 14.5 per cent rise from September.  According to latest data by the Reserve Bank of India (RBI), credit card spending in October reached Rs 2.02 lakh crore, up 13 per cent (year-on-year). As per the Central Bank’s data, outstanding credit cards in the system increased 12.85 per cent to 106.88 million, a 0.74 per cent increase from September. ...
Credit card spending in India crosses Rs 2 lakh crore in Oct
Credit card spending in India crosses Rs 2 lakh crore in Oct
Source: IANS
2024-11-28 10:41:59 am
Mirae Asset Capital Markets Top 10 BFSI Picks for Smart Investors The BFSI sector is a cornerstone of India’s economic growth, showing resilience amidst global challenges. Mirae Asset Capital Markets (India) Pvt. Ltd. presents the November 2024 update, spotlighting the top 10 BFSI stocks with strong growth potential and stability. This concise report evaluates key players, their performance metrics, and target prices to guide your investment decisions. 1) ICICI Bank (CMP: Rs.1,301, TP: Rs.1,505) remains a top pick, consistently outperforming p...
Mirae Asset Capital Markets Top 10 BFSI Picks for Smart Investors
Mirae Asset Capital Markets Top 10 BFSI Picks for Smart Investors
Source: PR Agency
2024-11-26 05:28:44 pm
Buy HDFC Bank For Target Rs.2,000 By PL Capital Stronger balance sheet preferred over margins Quick Pointers: * Mixed quarter; miss on NII/NIM NII offset by better fees/opex * Faster LDR could generate excess liquidity, which may drag margins HDFCB saw mixed results; core PAT was in-line, but NII/NIM and net slippages were a miss, offset by higher fees and lower opex. Pre-merger LDR was 85-87% (now 99.8%), which could be achieved in 2-3 years. Hence, loan growth is guided to be lower than system for FY25, in line with system fo...
Buy HDFC Bank For Target Rs.2,000 By PL Capital
Buy HDFC Bank For Target Rs.2,000 By PL Capital
Source: Prabhudas Lilladher Pvt. Ltd
2024-11-24 04:24:42 pm
Indian stock market opens flat, DIIs continue to lift indices The Indian stock market opened flat on Thursday as buying was seen in IT, PSU banks, financial services and pharma sectors at Nifty.  In early trade at around 9:43 am, Sensex was at 77,728.24 after rising 37.29 points or 0.05 per cent while Nifty was at 23,562.05 after a marginal rise. The market trend remained positive. On the National Stock Exchange (NSE), 1,486 stocks were trading in green, while 803 stocks were trading in red. Nifty Bank was at 50,385.90 after rising 297.55 ...
Indian stock market opens flat, DIIs continue to lift indices
Indian stock market opens flat, DIIs continue to lift indices
Source: IANS
2024-11-14 10:34:03 am
India`s retail inflation surges to 14-month high in October as vegetable prices soar India's retail inflation surged to a 14-month high in October, driven by a jump in vegetable prices and dashing hopes of an interest rate cut by the central bank next month. The annual retail inflation of 6.21% in October breached the central bank's tolerance band for the first time in more than a year, and was higher than the estimate of 5.81% in a Reuters poll, government data released on Tuesday showed. The Reserve Bank of India (RBI) is mandated to keep inflation in a range ...
India`s retail inflation surges to 14-month high in October as vegetable prices soar
India`s retail inflation surges to 14-month high in October as vegetable prices soar
Source: Reuters
2024-11-13 10:12:38 am
Share market opens flat, Bharti Airtel and ICICI Bank among top gainers The Indian stock market opened flat on Tuesday as buying was seen in realty, media, IT, PSU bank, financial services and pharma sectors in early trade.  Sensex was trading at 79,584.29 after rising 88.14 points or 0.11 per cent. At the same time, Nifty was trading at 24,172.95 after rising 31.65 points or 0.13 per cent. The market trend remained positive. On the National Stock Exchange (NSE), 1,525 stocks were trading in green, while 651 stocks were trading in red. Nifty Bank wa...
Share market opens flat, Bharti Airtel and ICICI Bank among top gainers
Share market opens flat, Bharti Airtel and ICICI Bank among top gainers
Source: IANS
2024-11-12 12:27:30 pm
HDFC Bank rises as its arm introduces cutting-edge platform `ProTerminal` HDFC Bank is currently trading at Rs. 1778.45, up by 23.90 points or 1.36% from its previous closing of Rs. 1754.55 on the BSE. The scrip opened at Rs. 1753.00 and has touched a high and low of Rs. 1782.50 and Rs. 1751.55 respectively. So far 364680 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1791.90 on 03-Jul-2024 and a 52 week low of Rs. 1363.45 on 14-Feb-2024. Last one week high and low of the scrip stood...
HDFC Bank rises as its arm introduces cutting-edge platform `ProTerminal`
HDFC Bank rises as its arm introduces cutting-edge platform `ProTerminal`
Source: Accord Fintech
2024-11-11 12:18:25 pm
RIL mcap decreases by Rs 74,000 crore; SBI, TCS, Infosys biggest gainers The Indian stock market witnessed a weak trend in the last week due to heavy selling in the largecaps.  In the last week, the combined market cap of six of the top 10 most valued companies eroded by Rs 1.55 lakh crore. In the top 10, Reliance Industries (RIL), Bharti Airtel, ICICI Bank, ITC, Hindustan Unilever, and Life Insurance Corporation of India (LIC) were losers. Tata Consultancy Services (TCS), HDFC Bank, Infosys, and State Bank of India (SBI) were gainers. The market cap...
RIL mcap decreases by Rs 74,000 crore; SBI, TCS, Infosys biggest gainers
RIL mcap decreases by Rs 74,000 crore; SBI, TCS, Infosys biggest gainers
Source: IANS
2024-11-10 05:47:40 pm
Donald Trump`s US election win prompts calls for Indian firms to be cautious on forex risks The period of low volatility that the Indian rupee has enjoyed may not last now that Donald Trump is poised to become U.S. president once again, bankers and advisors cautioned, urging companies to manage their forex risks more prudently and proactively. The rupee dropped to an all-time low of 84.3625 to the U.S. dollar on Thursday, adding to the previous day's losses when the election outcome prompted Asian currencies to plunge. Investors are dumping Asian currencies, and the dollar...
Donald Trump`s US election win prompts calls for Indian firms to be cautious on forex risks
Donald Trump`s US election win prompts calls for Indian firms to be cautious on forex risks
Source: Reuters
2024-11-07 02:56:35 pm
MSCI adds five Indian stocks to key index; Nuvama sees $2.5 billion inflows MSCI added five Indian companies to its Global Standard Index late on Wednesday, a move that brokerage Nuvama said would lift the country's weightage on the index to 20%, further narrowing the gap with China. MSCI said there would be 156 Indian stocks in the index, but that is only one-fourth of China's 598, signalling scope for further inclusion of Indian stocks on the index. The changes will take place after the markets close on Nov. 25, MSCI said. The inclusion of the stoc...
MSCI adds five Indian stocks to key index; Nuvama sees $2.5 billion inflows
MSCI adds five Indian stocks to key index; Nuvama sees $2.5 billion inflows
Source: Reuters
2024-11-07 12:06:07 pm
India`s HDB Financial, a unit of HDFC Bank, files for $1.5 billion IPO India's HDB Financial Services, the non-banking lending unit of HDFC Bank, has filed for an initial public offering of up to 125 billion rupees ($1.49 billion), in line with its parent's announcement earlier this month. HDFC Bank, which holds a 94.6% stake in the lender, will sell shares worth up to 100 billion rupees, while HDB Financial will issue fresh shares worth up to 25 billion rupees, according to draft papers filed late on Wednesday. HDB Financial said it would use its ...
India`s HDB Financial, a unit of HDFC Bank, files for $1.5 billion IPO
India`s HDB Financial, a unit of HDFC Bank, files for $1.5 billion IPO
Source: Reuters
2024-10-31 09:13:08 am
Buy HDFC Bank Ltd For Target Rs.2,000 By Yes Securities Ltd LDR aspects still portend a long walk to freedom Our view – Loan growth slowing to 7% YoY demonstrates LDR considerations have had a material impact Balance sheet growth – Management reiterated that they would be able to bring down LDR faster than anticipated and provided a glide path for loan growth enhancement: Earlier, the bank had thought it would take 4-5 years for LDR to go down to previous levels. However, given that credit growth in the system is poised to decline af...
Buy HDFC Bank Ltd For Target Rs.2,000 By Yes Securities Ltd
Buy HDFC Bank Ltd For Target Rs.2,000 By Yes Securities Ltd
Source: Yes Securities Ltd
2024-10-30 04:14:37 pm
Buy HDFC Bank Ltd For Target Rs. 2,050 By Motilal Oswal Financial Services Ltd Steadily moving towards improved growth and profitability NIMs stable despite liquidity built-up; CD ratio, LCR improves sharply * HDFC Bank (HDFCB) reported steady performance in 2QFY25, with net earnings of INR168.2b (~3% beat). * NIMs declined 1bp QoQ to 3.46%, while the C/D ratio declined sharply by ~4% QoQ to 99.8%. * Provisions were 5% higher than MOFSLe at INR27b. The bank utilized INR7b of contingent provisions pursuant to the reversal of AIF provisions. HDFCB is holding ...
Buy HDFC Bank Ltd For Target Rs. 2,050 By Motilal Oswal Financial Services Ltd
Buy HDFC Bank Ltd For Target Rs. 2,050 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-10-30 03:18:16 pm
Diwali Picks 2024 : HDFC Bank Ltd For Target Rs.1940.0 By Way2Wealth * HDFC Bank Ltd. (HDFCB) post merger with HDFC Ltd. is going through significant transition to emerge as the second largest lender in India. With merger related fixed costs largely absorbed, the bank is focusing on unlocking synergistic opportunities over next few quarters. * Management aims to bring down its Loan-to-Deposit ratio as rapidly as possible to work towards accelerating loan growth momentum. In Q2FY25, gross advances grew at ~7.0% YoY to Rs.24,951bn, while deposits witnessed 15...
Diwali Picks 2024 : HDFC Bank Ltd For Target Rs.1940.0 By Way2Wealth
Diwali Picks 2024 : HDFC Bank Ltd For Target Rs.1940.0 By Way2Wealth
Source: Way2Wealth
2024-10-29 04:37:15 pm
Diwali Technical Pick 2024 : Buy HDFC Bank Ltd For Target Rs. 1550 - Nirmal Bang Ltd HDFC Bank Ltd * The Stock has given breakout of a Cup and Handle pattern on monthly chart. * The volumes have increased recently adding to the breakout pattern. • Positive MACD Crossover is seen on the weekly charts. * Stock is well placed above all the important moving averages. * Therefore, investors can buy the stock at 1735 and on dips to Rs 1650 for a target of Rs 2280 with a strict stop loss placed below Rs 1550   Buy HDFC Bank Ltd CMP 1735...
Diwali Technical Pick 2024 : Buy HDFC Bank Ltd For Target Rs. 1550 - Nirmal Bang Ltd
Diwali Technical Pick 2024 : Buy HDFC Bank Ltd For Target Rs. 1550 - Nirmal Bang Ltd
Source: Nirmal Bang Ltd
2024-10-24 12:54:15 pm
280 companies register 1.27 lakh internship offers under Prime Minister Internship Scheme About 280 companies participated in the PM Internship Scheme (PMIS) and offered 1.27 lakh internship opportunities, according to reports.  The Centre has now closed the onboarding window for corporates’ participation in the Scheme, which opened on October 3 for corporates to register their internship offerings.  However, the window for youth registration, which commenced on October 12 is expected to remain open until early November.  The scheme was announced in t...
280 companies register 1.27 lakh internship offers under Prime Minister Internship Scheme
280 companies register 1.27 lakh internship offers under Prime Minister Internship Scheme
Source: IANS
2024-10-23 11:40:34 am
HDFC Bank surges as its consolidated net profit rises 6% to Rs 17825 crore for Q2FY25 HDFC Bank is currently trading at Rs. 1744.00, up by 62.85 points or 3.74% from its previous closing of Rs. 1681.15 on the BSE. The scrip opened at Rs. 1720.05 and has touched a high and low of Rs. 1744.50 and Rs. 1710.50 respectively. So far 338933 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1791.90 on 03-Jul-2024 and a 52 week low of Rs. 1363.45 on 14-Feb-2024. Last one week high and low of the scrip stood...
HDFC Bank surges as its consolidated net profit rises 6% to Rs 17825 crore for Q2FY25
HDFC Bank surges as its consolidated net profit rises 6% to Rs 17825 crore for Q2FY25
Source: Accord Fintech
2024-10-21 11:15:55 am
India`s HDFC Bank sees pre-merger loan-to-deposit ratio in 2-3 years, CFO says HDFC Bank, India's largest private lender, aims to lower its loan-to-deposit ratio (LDR) to pre-merger levels in the next two to three years, its chief financial officer said on Saturday. The bank's LDR was at around 86-87% prior to its merger with parent Housing Development Finance Corporation in July 2023, and went as high as 110% after the merger, Srinivasan Vaidyanathan said in post-earnings call. It will take the bank 2-3 years "to get to the high 80s", Vaidyanath...
India`s HDFC Bank sees pre-merger loan-to-deposit ratio in 2-3 years, CFO says
India`s HDFC Bank sees pre-merger loan-to-deposit ratio in 2-3 years, CFO says
Source: Reuters
2024-10-20 01:41:06 pm
HDFC Bank to sell up to Rs 10,000 cr shares via OFS in HDB Financial`s upcoming IPO Leading private lender HDFC Bank on Saturday announced to sell equity shares worth Rs 10,000 crore via an offer for sale (OFS) in the upcoming initial public offering (IPO) of its subsidiary HDB Financial Services Ltd.  The size of the IPO of HDB Financial Services Ltd (HDBFS) will be Rs 12,500 crore, including a fresh issue of Rs 2,500 crore, the bank said in a regulatory filing. “The Board of Directors of the bank approved the offer for sale (OFS) of such number of equity s...
HDFC Bank to sell up to Rs 10,000 cr shares via OFS in HDB Financial`s upcoming IPO
HDFC Bank to sell up to Rs 10,000 cr shares via OFS in HDB Financial`s upcoming IPO
Source: IANS
2024-10-20 09:27:42 am
India`s HDFC Bank beats quarterly profit forecast, margins dip slightly HDFC Bank, India's largest private lender, beat analysts' forecasts for July-September profit on Saturday, helped by higher core lending income, while margins were slightly lower on a sequential basis. The Mumbai-based lender posted a standalone net profit of 168.21 billion rupees ($2 billion) for the second financial quarter, up 4% from the previous quarter. That was above analysts' average forecast of 164.37 billion rupees, according to LSEG data. HDFC Bank merged with ...
India`s HDFC Bank beats quarterly profit forecast, margins dip slightly
India`s HDFC Bank beats quarterly profit forecast, margins dip slightly
Source: Reuters
2024-10-19 03:18:34 pm
Hindustan Composites rises on acquiring stake in HDFC Bank Hindustan Composites is currently trading at Rs. 514.90, up by 5.20 points or 1.02% from its previous closing of Rs. 509.70 on the BSE. The scrip opened at Rs. 510.00 and has touched a high and low of Rs. 543.85 and Rs. 499.10 respectively. So far 1141 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 669.90 on 20-Aug-2024 and a 52 week low of Rs. 370.00 on 05-Jun-2024. Last one week high and low of the scrip stoo...
Hindustan Composites rises on acquiring stake in HDFC Bank
Hindustan Composites rises on acquiring stake in HDFC Bank
Source: Accord Fintech
2024-10-18 11:08:32 am
Stock Picks : HDFC Bank Ltd And Havells India Ltd By ICICI Direct HDFC Bank Ltd Buy HDFC Bank Ltd @ 1658-1660 Target 1676.00 Stop Loss 1649.80   Havells India Ltd Buy Havells India Ltd @ 1937-1938 Target 1958.00 Stop Loss 1926.40   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : HDFC Bank Ltd And Havells India Ltd By ICICI Direct
Stock Picks : HDFC Bank Ltd And Havells India Ltd By ICICI Direct
Source: ICICI Direct
2024-10-11 12:05:02 pm
Stock Picks : HDFC Bank Ltd And Lupin Ltd By ICICI Direct HDFC Bank Ltd Buy HDFC Bank Ltd @ 1635-1637 Target 1654.00 Stop Loss 1628.20   Lupin Ltd Buy Lupin Ltd @ 2287-2289 Target 2312.00 Stop Loss 2276.40   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : HDFC Bank Ltd And Lupin Ltd By ICICI Direct
Stock Picks : HDFC Bank Ltd And Lupin Ltd By ICICI Direct
Source: ICICI Direct
2024-10-10 12:08:43 pm
HDFC Bank jumps after securing approval for sale of 100% stake in HDFC Edu HDFC Bank is currently trading at Rs. 1649.30, up by 29.65 points or 1.83% from its previous closing of Rs. 1619.65 on the BSE. The scrip opened at Rs. 1619.65 and has touched a high and low of Rs. 1652.70 and Rs. 1619.65 respectively. So far 160399 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1791.90 on 03-Jul-2024 and a 52 week low of Rs. 1363.45 on 14-Feb-2024. Last one week high and low of the scrip stood...
HDFC Bank jumps after securing approval for sale of 100% stake in HDFC Edu
HDFC Bank jumps after securing approval for sale of 100% stake in HDFC Edu
Source: Accord Fintech
2024-10-08 03:02:34 pm
SEBI clears NSDL IPO; IDBI Bank, SBI to sell stakes in OFS The Securities Exchange Board of India (SEBI) has cleared the initial public offering (IPO) of India's largest depository, the National Securities Depository Ltd (NSDL).  The market watchdog issued an observation on Sept 30, for the company's public offering. In SEBI's parlance, obtaining the observation letter means its go-ahead to float the public issue. The issue of the Mumbai-based securities depository will consist only of an offer for sale component. According ...
SEBI clears NSDL IPO; IDBI Bank, SBI to sell stakes in OFS
SEBI clears NSDL IPO; IDBI Bank, SBI to sell stakes in OFS
Source: IANS
2024-10-08 01:54:33 pm
HDFC Bank launches Edtech platform for students planning to study abroad at Global Fintech Fest in Mumbai HDFC Bank, India’s leading private sector bank, today announced the launch of its Edtech platform at the Global Fintech Fest 2024 in Mumbai. which will serve as a payment gateway for students pursuing education overseas. This will assist in digitizing overseas Education remittance payments flow from existing offline modes of funding overseas transfers.    HDFC Bank will partner with educational consultants/aggregators, to enable students to send money abroad to univers...
HDFC Bank launches Edtech platform for students planning to study abroad at Global Fintech Fest in Mumbai
HDFC Bank launches Edtech platform for students planning to study abroad at Global Fintech Fest in Mumbai
Source: PR Agency
2024-08-29 02:29:57 pm
HDFC Bank moves up as its arm launches ‘Brokerage as a Service’ for institutions, fintech companies HDFC Bank is currently trading at Rs. 1642.25, up by 10.70 points or 0.66% from its previous closing of Rs. 1631.55 on the BSE. The scrip opened at Rs. 1629.95 and has touched a high and low of Rs. 1643.70 and Rs. 1628.15 respectively. So far 150224 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1791.90 on 03-Jul-2024 and a 52 week low of Rs. 1363.45 on 14-Feb-2024. Last one week high and low of the scrip stood...
HDFC Bank moves up as its arm launches ‘Brokerage as a Service’ for institutions, fintech companies
HDFC Bank moves up as its arm launches ‘Brokerage as a Service’ for institutions, fintech companies
Source: Accord Fintech
2024-08-20 01:59:53 pm
Buy HDFC Bank Ltd For Target Rs.1,850 By Motilal Oswal Financial Services Ltd Navigating through the challenges Pursuing profitable growth; return ratios to improve gradually * HDFC Bank (HDFCB)’s Annual Report emphasizes the institution's commitment to achieving sustainable growth over the medium term as it continues to invest in strengthening both its physical infrastructure and digital prowess. * While the near-term growth is likely to remain soft due to constraints on the CD ratio, the increased threshold on loan pricing, which enables improved a...
Buy HDFC Bank Ltd For Target Rs.1,850 By Motilal Oswal Financial Services Ltd
Buy HDFC Bank Ltd For Target Rs.1,850 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services
2024-08-19 04:04:49 pm
Stock Picks : HDFC Bank Ltd And Infosys Ltd By ICICI Direct HDFC Bank Ltd   Buy HDFC Bank Ltd @ 1649-1651 Target 1668.00 Stop Loss 1640.80   Infosys Ltd Buy Infosys Ltd @ 1749-1752 Target 1769.00 Stop Loss 1741.00   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631
Stock Picks : HDFC Bank Ltd And Infosys Ltd By ICICI Direct
Stock Picks : HDFC Bank Ltd And Infosys Ltd By ICICI Direct
Source: ICICI Direct
2024-08-09 10:28:15 am
Add HDFC Bank ltd For Target Rs. 1,925 By Yes Securities LDR discussion refuses to abate Our view – Management plans to reduce LDR faster Loan to Deposit Ratio - Management stated that it is in the bank’s interest to bring down the loan to deposit ratio "faster than anticipated": The bank would be growing advances slower than deposits. However, it was not clarified what the differential would be. Management stated that there is no prescription that the bank is adhering to as far as the LDR is concerned. They reiterated that...
Add HDFC Bank ltd For Target Rs. 1,925 By Yes Securities
Add HDFC Bank ltd For Target Rs. 1,925 By Yes Securities
Source: Yes Securities Ltd
2024-08-07 05:10:14 pm
Buy HDFC Bank Ltd For Target Rs.1,937 By Religare Broking Ltd Profitability remained flat: HDFC Bank’s net interest income reported marginal increase of 2.6% QoQ to Rs 29,837cr as margins remained flat. Pre-provision operating profit (PPOP) grew by 27.2% YoY to Rs 23,8854cr, however, PAT declined by 2.0% QoQ as other income de-grew by 41.3% QoQ amid lower treasury income. Advances growth remains muted: Loan book during the quarter declined by 0.77% QoQ to Rs 24,869bn mainly due to run down in wholesale advances by 5.3% QoQ. Retail advances saw ...
Buy HDFC Bank Ltd For Target Rs.1,937 By Religare Broking Ltd
Buy HDFC Bank Ltd For Target Rs.1,937 By Religare Broking Ltd
Source: Religare Broking
2024-08-06 03:25:36 pm
TCS, Infosys lose the most in Mcap; RBI policy meet key next week The market capitalisation (Mcap) of IT majors Tata Consultancy Services (TCS) and Infosys lost the most amid broad-based selloffs due to fear of recession in the global markets.  The market capitalisation of eight of the top 10 most valued companies saw a loss of more than Rs 1.28 lakh crore. Friday’s decline resulted in a loss of over Rs 4 lakh crore in the market cap of almost all listed firms on the Bombay Stock Exchange, led by TCS and Infosys. The valuation of TCS droppe...
TCS, Infosys lose the most in Mcap; RBI policy meet key next week
TCS, Infosys lose the most in Mcap; RBI policy meet key next week
Source: IANS
2024-08-04 12:29:57 pm
India's top private lenders see farm loan defaults rising amid weak rural economy Top Indian private lenders are seeing more farmers and rural borrowers delay loan repayments as unpredictable weather impacts output and rising agricultural costs stretch their incomes further, according to quarterly earnings reports and a dozen bankers. The largest five private banks have reported greater bad loan additions in the June quarter, mostly driven by rising dues in agriculture and microfinance loans, which are popular in rural areas. Microfinance loan disbursal slowed in Apr...
India's top private lenders see farm loan defaults rising amid weak rural economy
India's top private lenders see farm loan defaults rising amid weak rural economy
Source: Reuters
2024-07-31 04:52:01 pm
Buy HDFC Bank Ltd For Target Rs.1,850 By Motilal Oswal Financial Services Business growth soft; restoring C/D ratio remains a key focus NIMs improve 3bp sequentially * HDFC Bank (HDFCB) delivered broadly in-line performance, with NIMs improving 3bp QoQ, and the C/D ratio declining 87bp QoQ to 103.5%. PAT increased 2.3% QoQ (5% beat), aided by lower provisions. * Provisions were 10% lower than MOFSLe at INR26.02b, as the bank utilized INR4b of contingent provisions pursuant to the repayment of underlying loans. HDFCB is holding total provisions (floating a...
Buy HDFC Bank Ltd For Target Rs.1,850 By Motilal Oswal Financial Services
Buy HDFC Bank Ltd For Target Rs.1,850 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd Ltd
2024-07-29 03:53:56 pm
Sensex trades lower on weak global cues Indian equity indices opened in the red on Monday following weak global cues from asian peers.  At 9:45 a.m., Sensex was at 80,501, down 89 points or 0.11 per cent and Nifty was down 26 points or 0.12 per cent, at 24,504. Buying is seen in the smallcap and midcap stocks. The Nifty smallcap 100 index is up 62 points or 0.34 per cent at 18,460 and the Nifty midcap 100 index is 124 points or 0.22 per cent at 56,032. UltraTech Cement, Infosys, NTPC, Nestle, Power Grid, HDFC Bank, Po...
Sensex trades lower on weak global cues
Sensex trades lower on weak global cues
Source: IANS
2024-07-22 11:18:01 am
HDFC Bank soars on reporting 33% rise in Q1 consolidated net profit HDFC Bank is currently trading at Rs. 1643.00, up by 35.90 points or 2.23% from its previous closing of Rs. 1607.10 on the BSE. The scrip opened at Rs. 1615.05 and has touched a high and low of Rs. 1646.25 and Rs. 1613.00 respectively. So far 137293 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1791.90 on 03-Jul-2024 and a 52 week low of Rs. 1363.45 on 14-Feb-2024. Last one week high and low of the scrip stood...
HDFC Bank soars on reporting 33% rise in Q1 consolidated net profit
HDFC Bank soars on reporting 33% rise in Q1 consolidated net profit
Source: Accord Fintech
2024-07-22 10:39:10 am
HDFC Bank posts 35% rise in net profit at Rs 16,175 crore for April-June quarter HDFC Bank on Saturday reported a 35 per cent increase in net profit to Rs 16,175 crore for the April-June quarter of the current financial year from Rs 11,952 crore in the same period of 2023-24. However, the net profit was lower by 2 per cent sequentially compared to Rs 16,512 crore reported in Q4 FY24. On a consolidated basis, the private sector bank posted Q1 profit at Rs 16,474.85 crore. The interest income of HDFC Bank jumped by 50.3 per cent to Rs 73,033.14 crore during the qua...
HDFC Bank posts 35% rise in net profit at Rs 16,175 crore for April-June quarter
HDFC Bank posts 35% rise in net profit at Rs 16,175 crore for April-June quarter
Source: IANS
2024-07-20 04:22:26 pm
Sensex, Nifty trade flat as Titan, bank stocks top losers Benchmark equity indices on Monday snapped their three-day winning streak and traded flat in the morning hours. At pre-open, Nifty was flat at 24329.45 and the Sensex was lower by 0.1 per cent at 79915.00. Shares of Titan Co fell nearly 4 per cent after it reported subdued growth in the sales of its jewellery segment. Except capital goods, FMCG and all other sectoral indices traded in the red. Shares of ICICI Bank, HDFC Bank, Infosys and State Bank of India dragged the Nifty. T...
Sensex, Nifty trade flat as Titan, bank stocks top losers
Sensex, Nifty trade flat as Titan, bank stocks top losers
Source: IANS
2024-07-08 10:46:17 am
Sensex trades lower amid profit booking in largecaps India equity indices opened in the red on Friday following profit booking in largecap stocks.  At 9:50 a.m., Sensex was down 510 points or 0.64 per cent at 79,538 and Nifty was down 88 points or 0.36 per cent at 24,214. Broader markets are in an uptrend. On the National Stock Exchange (NSE), 1213 shares are in the green and 1001 shares are in the red. Buying is seen in the smallcap and midcap stocks. The Nifty midcap 100 index is up 60 points or 0.11 per cent at 56,679 and the N...
Sensex trades lower amid profit booking in largecaps
Sensex trades lower amid profit booking in largecaps
Source: IANS
2024-07-05 10:55:23 am
HDFC Bank falls as India`s top private bank posts sequentially weak Q1 loans, deposit growth Shares of India's top private lender HDFC Bank fell over 3% on Friday, a day after it reported a drop in loans during the three months ended June 30, and no rise in deposits from the previous three months. HDFC Bank on Thursday said its gross advances dipped 0.8% sequentially in the first quarter. The flat deposit growth was below what the bank managed a year ago, Jefferies analysts said in a note, calling it "slightly disappointing." Shares of HDFC Bank - down 2.4% thi...
HDFC Bank falls as India`s top private bank posts sequentially weak Q1 loans, deposit growth
HDFC Bank falls as India`s top private bank posts sequentially weak Q1 loans, deposit growth
Source: Reuters
2024-07-05 10:09:51 am