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Stocks to buy for the long term: Indian stock market benchmark, Nifty 50, extended gains to the third consecutive month in May, supported by largely better Q4 earnings, foreign capital inflows and healthy domestic macroeconomic indicators. However, stretched valuations and geopolitical uncertainties kept the gains capped. The Nifty 50 rose nearly 2 per cent in…
India’s third biggest mutual fund house further reduced its stake in the Mahindra group company — Mahindra Holidays & Resorts — to 5.13%. The hotel company stock, down 10% in the last one year, has seen a significant reduction in the stake held by HDFC Mutual Fund over the last seven years. From a 7.34%…
HDB Financial Services Ltd. is close to securing the go-ahead from India’s securities regulator for its initial public offering, according to people familiar with the plan, which would allow the shadow lender to launch one of the country’s biggest listings this year. The Securities and Exchange Board of India’s approval is set to be made…
Dividend Stock – HDFC AMC declares record date for ₹90 per share dividend. Details here HDFC AMC – Record date for the Dividend HDFC Asset Management Company Ltd intimated the exchanges about the Outcome of Board Meeting for considering the record date for dividend In Its intimation to the National Stock Exchange of India and…
And subsequent to its latest quarter and annual results for fiscal year 2025 (FY25), broking firms have turned bullish on the bank’s prospects, raising the target price for its shares to between ₹2,250 and ₹2,340. That would mean a 17-22% increase from current share price levels of ₹1,924, resulting in a market valuation of about…
Seven out of the ten most valuable companies in India saw a combined increase of ₹2.31 lakh crore in market valuation during the previous, holiday-shortened week, with Reliance Industries leading the gains amid generally positive sentiment in the equity market. The companies that registered valuation gains were Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank,…
A comparison of FY25 results of India’s two largest private sector lenders by total assets shows ICICI Bank continues to maintain its lead over the top player, HDFC Bank, in some key parameters. Both declared results on 19 April. ICICI Bank’s FY25 net interest margin (NIM) stood at 4.3% versus 3.5% of HDFC Bank, which…
HDFC Bank share price gained over a percent on Monday after the private sector lender reported strong Q4 results. HDFC Bank shares rose as much as 1.85% to ₹1,941.95 apiece on the BSE. The largest private sector lender in the country, HDFC Bank reported a net profit of ₹17,616 crore in the fourth quarter of…
HDFC Bank’s net interest margin (NIM) for the quarter ending March (Q4FY25) has expanded 2-3 basis points (bps) sequentially and year-on-year to 3.46% after excluding the interest income on income tax refund worth ₹700 crore. While this is praiseworthy, it will be interesting to see how the bank deals with the Reserve Bank of India’s…
Share price of two India’s leading private sector banks – HDFC Bank and ICICI Bank – are likely to remain in focus in Monday’s trading session after both delivered robust financial results for the March quarter FY25 on Saturday, April 19. HDFC Bank share price closed nearly 1.50 per cent higher at ₹1,905.80 on Thursday,…