Buy or Sell : HDFC Bank ltd stock investment latest update 2023

HDFC Bank Share Latest Update
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HDFC Bank In 1978, a bank that launched its initial public offering of shares with a face value of Rs 100 and this IPO was undersubscribed and the stock also got listed below its issue price. But today that bank is one of the top 10 most valuable companies in India, and the name of that bank is HFDC bank ltd.

The sector of HDFC Bank ltd is banks and Industry of HDFC Bank ltd is public bank. HDFC Bank Ltd., integrated in year 1994, is a banking organization having a market cap of Rs 9,28,238.60 Crore. HDFC Bank Ltd. Key Products/Revenue Segments encompass Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the yr. ending 31-Mar-2022.

HDFC Bank Limited financials 2023

Gross non-performing assets were at 1.12% of gross advances as on March 31, 2023 (0.94% excluding NPAs in the agricultural segment), as against 1.23% as on December 31, 2022 (1.00% excluding NPAs in the agricultural segment), and 1.17% as on March 31, 2022 (1.01% excluding NPAs in the agricultural segment). The consolidated net profit for the year ended March 31, 2023 was ₹ 45,997.1 crore, up 20.9%, over the year ended March 31, 2022. The Bank’s net revenue grew by 21.0% to ₹ 32,083.0 crore for the quarter ended March 31, 2023 from ₹ 26,509.8 crore for the quarter ended March 31, 2022 as declared by HDFC Bank Press Release.

historical share price of HDFC bank ltd

  • From a mere Rs 7 someplace in 1992, the value has skyrocketed in over three decades to come to be a four-digit stock.
  • HDFC shares beforehand this month scaled a lifetime excessive of Rs 2,926 and its market capitalization swelled to over Rs 5 lakh crore.
  • The stellar boom in HDFC inventory over the ultimate three many years has been backed by using its aggressive growth plans from being simply a retail domestic loan company.
  • Unlike the parent, HDFC Bank’s IPO obtained an overwhelming response on Dalal Street in 1995, when the trouble was once subscribed a whopping fifty three times.
  • From a mere Rs four in 1995, the stock value has swelled to extra than Rs 1,700.
  • Despite this, HDFC Bank presently trades at 16x one-year ahead EPS, which is 20% below the 15-year suggest average, leaving sufficient room for a similarly growth in valuation multiples.

HDFC bank share price target 2025

  • Unlike RIL, HDFC Bank is fully-owned by means of the public and, therefore, the free drift of the banking large will flip out to be the best possible amongst all listed stocks.
  • With impact from Thursday, when HDFC shares give up buying and selling on stock exchanges following the reverse merger, the weightage of HDFC Bank will increase to 14.43%. At present, RIL has the most weight in Nifty 50 at 10.9%, which will limit to 10.8%.
  • As HDFC bids adieu to Dalal Street, it is searching ahead to its subsequent section of increase underneath the shell of HDFC Bank.

also read : multibagger penny stock made investors rich in 2023

HDFC and HDFC bank merger share allocation news

  • Nifty futures were trading 14.5 points or 0.07 per cent lower at 19,443.50, indicating that Dalal Street was heading towards a negative start on Monday, July 10.  Here are several stocks which are going to be in focus today due to various reasons, one of which is HDFC bank ltd.
  • All MSCI indexes have replaced HDFC with HDFC Bank following the merger.
  • Stock exchanges BSE and NSE shall bid farewell to HDFC stock on July 12 which is getting delisted from exchanges following a $64 billion all-stock reverse merger deal with subsidiary HDFC Bank.
  • In separate notices, each the exchanges have informed market members that HDFC will be suspended from buying and selling with impact from July 13, (i.e., closing hours of buying and selling on July 12).

What is the prediction for HDFC Bank stock price?

With impact from Thursday, when HDFC shares give up buying and selling on stock exchanges following the reverse merger, the weightage of HDFC Bank will increase to 14.43%. At present, RIL has the most weight in Nifty 50 at 10.9%, which will limit to 10.8%.

HDFC Bank P/E Ratio?

HDFC current P/E Ratio is 20.

Is it safe to invest in HDFC Bank share?

The potential upside for the share is 20% and it could earn investors over Rs 320 per share.

1 thought on “Buy or Sell : HDFC Bank ltd stock investment latest update 2023”

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