CLSA downgrades HDFC Bank, cuts target price; stock down 1%
Analysts at CLSA expect HDFC Bank's net interest margin (NIM) recovery to be more U-shaped rather than V-shaped.
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HDFC Bank shares up 2% after LIC buys additional stake
LIC of India will become the largest shareholder in HDFC Bank after the acquisition of an additional 4.8% shares in the lender, raising its holding stake to 9.99%.
HDFC Bank shares plunge 6% despite robust Q3; here’s why
The private sector lender’s U.S.-listed ADR dropped 6.71% to $61.18 in the New York Stock Exchange.
HDFC twins merger: Here’s how HDFC Bank traded on Day 1 post amalgamation
Shares of HDFC were delisted from stock exchanges today, ending its 4-decade long journey on bourses, and started trading under HDFC Bank ticker.
HDFC Bank Q1 advances grow 15.8%; deposits up 19.2%
The merged entity’s gross advances grew 13.1% YoY to ₹22.45 lakh crore, while deposits rose 16.2% YoY to ₹20.63 lakh crore.
HDFC twins hit 52-week highs post merger; surge up to 4%
The HDFC twins have been rising for the last four sessions and gained up to 7.5% each during the same period.
HDFC Bank shares fall 2% after hitting 52-week high
Early today, the company's share price opened higher at ₹1,706 as against the closing price of the previous session at ₹1,693.30.
HDFC Bank shares rise 3% as advances, deposits surge in Q4
The private lender’s advances and deposits grew by 16.9% and 20.8%, respectively, in Q4 FY23 as compared to the same period last year.
HDFC Bank stock gains for 6 sessions straight; here's why
HDFC Bank shares have gained 7.4% in the last six trading days, hitting a 9-month high of ₹1,702 intraday today.
HDFC-HDFC Bank merger gets BSE, NSE approval; here’s how stocks reacted
The merger of HDFC and HDFC Bank is expected to be completed by the second quarter of FY24.
