NEW DELHI: Housing finance major HDFC emerged as the top gainer in the Sensex pack on Tuesday. With a rally of over 7 per cent, the scrip alone contributed around 220 points in the 30-pack index’s 600-point rally. The stock hogged the limelight after the company said its individual loan disbursements in the second quarter … Read more
Ashok Leyland could see a 50% upside from current levels going forward and that is the one auto stock I would recommend from a three years’ perspective, says Abhimanyu Sofat, VP-Research, IIFL. What is your observation of the trend in September sales by auto majors?One thing which was clear was that most of the auto … Read more
We continue to believe that rather than trying to buy on a valuation parameter, it is better to get into companies which are currently showing growth visibility and momentum, says Equity Strategist & Senior Group VP, MOFSL. Reliance is more of a platform company now but when it comes to telecom, it is safest to … Read more
Mumbai: The Unified Payments Interface (UPI) has, for the third consecutive month, clocked record volume in August, processing over 1.5 billion transactions for the first time. The latest Reserve Bank of India data showed that 1.56 billion transactions worth Rs 2.85 lakh crore were recorded on NPCI’s popular digital channel, as on August 30, smashing … Read more
HDFC Bank said that it was unaware of the development till media outlets reached out to it for a response on the matter. US-based Rosen Law Firm said late on Sunday night that it will launch an investigation of potential securities claims on behalf of shareholders of HDFC Bank. The firm cited media reports about … Read more
The HDFC Bank American Depository Receipt share price fell by 2.83 per cent following the report US-based Rosen Law Firm on Monday said it is planning to investigate potential securities claims against HDFC Bank following allegations of sharing “materially misleading business information” with investors. HDFC Bank said it was not aware of any lawsuit and … Read more
With risk aversion setting in, it is best to anchor on the basis of valuations and this is what we have been recommending investors should do, says Head of Equities, Investec Capital Services. Are you positive about some of the auto names right now?In the auto sector, valuations have always been supportive. These are not … Read more
MUMBAI: Aditya Puri, managing director and chief executive officer of the country’s largest private sector lender HDFC Bank has sold 95% of his stake valued Rs 843 crore in the bank this week. According to insider trading data published by the stock exchanges on Saturday, Aditya Puri has sold 74.2 lakh shares of the bank … Read more
We are not positive but neutral when it comes to the construction or infrastructure space, said Fund Manager, MOAMC. Let us take stock of the earnings so far. Post Axis Bank’s moratorium confusion, it seems like the Street has absorbed the earnings well. I cannot comment on individual stocks but if we look at the … Read more
MUMBAI: HDFC Bank‘s Managing Director and Chief Executive Aditya Puri on Saturday said “disciplinary action” has been taken against a few employees from the auto loans business for exhibiting “personal misconduct“. The remarks by Puri in an address to shareholders came amid reports about the circumstances under which the head of the auto loan business … Read more