Following a 14% downside seen in seven trading sessions after Q3 disappointment, shares of HDFC Bank on Monday jumped up to 2% to the day’s high of Rs 1,462.85 after investors took comfort in RBI’s approval to LIC to increase stake in India’s largest private sector lender to 10%. While the state-run insurance company may … Read more
Mumbai: Life Insurance Corporation of India (LIC), the country’s largest insurer, has received approval from the Reserve Bank of India (RBI) to increase its stake in HDFC Bank, the largest private lender in India. RBI has allowed LIC to acquire an additional 4.8% stake in HDFC Bank, raising its total stake to 9.99% by January … Read more
Not everyone on the Street is a bear on HDFC Bank, whose shares fell up to 9% on Wednesday after reporting mixed numbers in its December quarter results. Global brokerage firm CLSA has hiked its target price on HDFC Bank to Rs 2,025 from Rs 1,900, Axis Securities to Rs 1,975 from Rs 1,800 while … Read more
Brokerage firm Morgan Stanley maintained an underweight rating on L&T Technologies, Nuvama downgraded HDFC Bank post Q3 results, and an overweight rating on ICICI Lombard. UBS maintained a buy rating on GAIL India. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on L&T Technology Services: … Read more
India’s largest private lender HDFC Bank on Friday reported a 62.4% jump in its gross advances for the quarter that ended December 31, 2023, at Rs 2,469,500 crore versus Rs 1,520,500 crore as of December 31, 2022. The gross advances were up 4.9% sequentially as against Rs 2,354,600 crore reported in the September quarter. Grossing … Read more
