HDFC Bank, while declaring its results for the fourth quarter of the financial year 2025, also announced a dividend of Rs 22 per share for its eligible shareholders, for which it has fixed June 27 as the record date. “The Board also recommended a dividend of Rs. 22 per equity share of Re. 1/- each … Read more
India’s largest private lending bank, HDFC Bank on Saturday, reported its fourth quarter results for FY25, wherein its profit after tax was reported at Rs 17,616 crore, up by 6.7% YoY while its net interest income (NII) was up by 10.3% YoY to Rs 32,070 crore. The PAT stood above the ETNow poll, while the … Read more
While Nifty ended with a week-on-week decline of 0.20%, it was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 16,445 crore on screen which included both buying and selling action. In the large cap segment, 15 companies witnessed significant block deals on … Read more
Following a 14% downside seen in seven trading sessions after Q3 disappointment, shares of HDFC Bank on Monday jumped up to 2% to the day’s high of Rs 1,462.85 after investors took comfort in RBI’s approval to LIC to increase stake in India’s largest private sector lender to 10%. While the state-run insurance company may … Read more
Rare things do command a premium. So did HDFC Bank. In an era when Indian lenders were funding projects worth thousands of crores to secure quick growth, Aditya Puri’s HDFC Bank was chasing thousands of individual salaried men to fund their car and mobile phone purchases. His belief was that someone with a regular income … Read more
Brokerage firm Jefferies maintained a buy rating on HDFC Bank post-Q2 results while Axis Capital initiated coverage on Deepak Nitrite with a buy rating. Kotak Institutional Equities maintained a buy rating on Federal Bank and Jefferies recommended a buy on Dalmia Bharat. We have collated a list of recommendations from top brokerage firms from ETNow … Read more
MUMBAI – HDFC Bank’s investability weightage in FTSE Emerging All Cap index has increased to 1.52% from 0.81%, following the merger of parent Housing Development Finance Corporation. However, the weightage will be implemented in three tranches by March 2024, index aggregator FTSE Russell said. The first tranche will be implemented in the September index review, … Read more
Brokerage firm Citigroup has a buy rating on Federal Bank, Jefferies maintains a buy rating on HDFC Bank, Morgan Stanley recommends an Equal-Weight rating on Avenue Supermarts and Nomura maintains a buy rating on Bandhan Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Citigroup on Federal … Read more
HDFC Bank on Saturday reported a nearly 20% year-on-year (YoY) rise in net profit for the quarter ended March to Rs 12,047 crore. Total income grew 31% on-year to Rs 53,851 crore. According to the average of estimates given by 7 brokerages, the lender’s net profit was estimated to rise 21% to Rs 12,180 crore. … Read more
The Indian markets pared intraday gains on Friday and closed over 1 per cent higher. The S&P BSE Sensex rose nearly 700 points, while the Nifty50 closed just below 17,200. Sectorally, buying was seen in IT, banks, capital goods, and consumer durables, while selling was visible in power, utilities, oil & gas, and energy space. … Read more