HDFC Bank Ltd Share Price (HDFCBANK)

HDFC Bank Shares Rise Ahead of Quarterly Results Announcement - 18 Apr, 2024

HDFC Bank's board is set to convene on April 20th to approve the financial results for the quarter ending March 2024. Technical analysts have positioned the stock positively, while CLSA has maintained an outperform rating with a target price of Rs 1650. The bank also plans to renew its issuance of long-term bonds through private placement mode.

HDFC Bank Board May Renew Issuance of Bonds - 17 Apr, 2024

HDFC Bank has revised its NEFT transaction charges while the bank's board is set to consider renewing the issuance of long-term bonds and capital bonds.

Jefferies Retains Buy Rating on HDFC Bank; Target Price at Rs 1,800 - 16 Apr, 2024

Jefferies has maintained its buy rating on HDFC Bank with a target price of Rs 1,800 per share, indicating an upside of 20%. The bank's Q4 FY24 financial results are expected to be released on April 20. Foreign investors have trimmed their stake in HDFC Bank during the Jan-Mar quarter.

HDFC Bank Faces Pressure Ahead of Quarterly Earnings Announcement - 15 Apr, 2024

HDFC Bank faces pressure as MSCI doubles its weight in indices, analysts predict strong Q4 FY24 performance, while some schemes experience delays in liquidating portfolios.

HDFC Bank Set to Announce Q4FY24 Results Next Week - 14 Apr, 2024

HDFC Bank is set to release its Q4FY24 results next week, with an increase in Net Interest Income (NII) and net profits reported during the previous quarter.

MUFG in Talks to Buy Stake in HDFC Subsidiary; HDFC Bank Opens Branch in Lakshadweep - 13 Apr, 2024

Mitsubishi UFJ Financial Group is in advanced negotiations to acquire a 20% stake in HDFC Bank's non-banking subsidiary, HDB Financial Services, while HDFC Bank has opened a new branch in Lakshadweep. The proposed deal will be worth $2 billion and unlock value for HDFC Bank. The establishment of the branch signifies HDFC Bank's readiness to cater to the financial requirements of individuals, families, and businesses in Lakshadweep.

HDFC Bank Faces Major Investment Interest from Japanese Banks - 12 Apr, 2024

Japanese banks Mitsubishi UFJ and Bank of Tokyo-Mitsubishi UFJ are in talks to acquire stakes in HDFC Bank's subsidiaries, including HDB Financial Services, at valuations ranging from $1.7bn to $10bn. The deals come amid rising demand for personal finance loans in India.

HDFC Bank Reports Robust Deposit Growth Despite Stock Fall - 11 Apr, 2024

HDFC Bank reports strong Q4FY24 deposit growth and a balanced approach in managing assets and liabilities. Analysts maintain positive outlook with an unchanged price target of Rs. 1,900. The bank opens its first private sector branch in Lakshadweep.

HDFC Bank's Interest Rates Increase Following Merger; Reports Q4 Results Soon - 10 Apr, 2024

HDFC Bank increased its home loan interest rates and will report Q4 FY23-24 results soon. Experts recommend HDFC Bank as the top pick in the large-cap banking space due to reasonable valuations and early signs of synergies from the merger with HDFC. The bank also opened a new branch in Lakshadweep and offered higher interest rates on its Senior Citizen Care FD.

HDFC Bank: Education Loan Market Upbeat with HDFC Credila Deal - 09 Apr, 2024

HDFC Bank sells 90% stake in HDFC Credila. Private equity funds optimistic about education-loan market. HDFC Credila raises $100m via external commercial borrowing. Price targets suggest 10-25% upside potential for private lenders. Credit and deposit growth in FY24 impacted by HDFC and HDFC Bank merger.

HDFC Bank Sees Positive Momentum Amidst Interest Rate Cut Expectations - 08 Apr, 2024

HDFC Bank is seeing positive momentum amidst expectations of an interest rate cut by the RBI. Sharekhan recommends a BUY call with a target price of Rs. 1,900 per stock. The bank's strong deposit growth in Q4FY24 has helped it climb above key technical levels. Analysts expect steady net interest margin (NIM) and strong asset quality.

HDFC Bank Could See Inflows of $4.8 Billion - 07 Apr, 2024

Foreign investment in HDFC Bank has fallen just 5 basis points short of the threshold set by MSCI to fully include the stock in its indices, which could result in inflows of $4.8 billion into the bank.

HDFC Bank Shares Rise 6% in a Week on Better-Than-Expected Q4FY24 Update - 06 Apr, 2024

HDFC Bank shares saw strong buying interest, rising 6% in one week after the private lender reported better-than-expected Q4FY24 business update. Experts predict strong upside movement if resistance at ₹1,730 is breached.

HDFC Bank's Loan Book Crosses Rs 25 Lakh Crore in Q4 FY24 - 05 Apr, 2024

HDFC Bank's gross advances aggregated to Rs 25.08 lakh crore in Q4 FY24 with a YoY growth of 55.4%. Analysts are bullish on the bank despite downside risks to loan CAGR over FY24-26F. The stock has risen for seven consecutive sessions.

HDFC Bank Reports Strong Q4 Results; FII Ownership Falls - 04 Apr, 2024

HDFC Bank's Q4 FY24 results show a 55.4% YoY growth in gross advances and 26.4% increase in deposits. The bank's shares rose by 3%. However, foreign institutional investors' ownership fell by 4.5%, resulting in an inflow of $2 billion.

HDFC Bank Sees Potential Upside According to Brokerage Report - 03 Apr, 2024

HDFC Bank Ltd has risen for five consecutive sessions and added around 4.23% in the last month. A recent report by brokerage firm Prabhudas Lilladher suggests that there is potential upside for the stock with levels of Rs 1,700-1,800.

HDFC Bank Appoints New Group Head; NSDL Awaits Onboarding - 02 Apr, 2024

HDFC Bank has appointed Suketu Kapadia as the new Group Head of Internal Audit. Meanwhile, NSDL is waiting for onboarding from HDFC Bank and other banks regarding a new platform presentation.

HDFC Bank Plans Stake Sale in HDFC Education; Stock Gains Third Straight Session - 01 Apr, 2024

HDFC Bank is set to sell its entire stake in HDFC Education and Development Services using Swiss challenge method. The bank has signed a binding term sheet with an interested party, which will serve as the anchor bid to seek counter offers. Meanwhile, the bank advised customers to avoid NEFT transactions due to financial year-end procedural measures. Despite this, the bank's stock gained for a third straight session, rising 1.23% with increasing volume and PE ratio.

HDFC Bank to Sell Stake in HDFC Education - 31 Mar, 2024

India's largest private sector lender, HDFC Bank, is seeking to divest its entire stake of 100% in HDFC Education and Development Services through the Swiss challenge method. The bank is yet to finalize the purchaser.

HDFC Bank Announces Stake Sale & New Appointment - 30 Mar, 2024

HDFC Bank plans to sell its entire stake in HDFC Education and Development Services, while Sumant Rampal has been appointed as the new Group Head of Mortgages. The bank will use the Swiss challenge method to find a buyer for HDFC Edu. Shares of HDFC Bank closed 0.52% higher on Thursday.