The banking sector, according to analysts at ICICI Securities, has been underperforming at the bourses against the overall market in the last six months largely due to credit growth concerns
Shareholders of HDFC Ltd will receive 42 shares of HDFC Bank for 25 shares held
Weight of combined entity in indices is expected to be about 14%; schemes may have to remain underweight on the stock as the single stock exposure in portfolio has to be capped at 10%
There is a risk index trackers may have to sell HDFC, which is part of global indices currently
The committee is entrusted to make recommendations regarding the role played by the governing board and committees of MIIs
Sebi constituted a committee for reviewing and making recommendations for further strengthening of governance norms at stock exchange and other market infrastructure institutions
As per the BSE data, as many as 179 stocks touched their 52-week highs
CLOSING BELL: Besides, Kotak Bank, HUL, IndusInd Bank, Tata Steel, L&T, and Sun Pharma were the other top gainers
The acquisition would potential see addition of around Rs 1,300 - 1,500 crore per annum to the topline of the Company at peak capacity.
Recently, HAL bagged a contract for production of 15 Light Combat Helicopters (LCH), 10 for IAF and five for the Indian Army at a cost of Rs 3,887 crore.
The stock was up 16 per cent in past six trading sessions after the company announced its foray into electric mobility infrastructure sector.
Shares of HDFC and HDFC Bank rose as high as 14 per cent and 11 per cent, respectively, during the opening session on Monday.
Shares of HDFC Bank may hit the Rs 2,000-mark, while HDFC is likely to rally towards Rs 3,200.
In morning trade, a total of 25 Sensex constituents were in the green
The company has decided to increase prices of its products (across all models - trucks & buses) by 3-4 per cent, effective from today i.e. April 4, 2022.
The stock has recovered 34 per cent from its 52-week low of Rs 793 hit on February 24, 2022.
The share exchange ratio for the amalgamation of HDFC with and into HDFC Bank shall be 42 equity shares of face value of Re 1 each of HDFC Bank for every 25 equity shares of face value of Rs 2 of HDFC
Apart from the Ukraine-Russia war, high inflation and exit of easy money policy can be a risk for investors this fiscal. Can markets withstand turbulent times or is there a devil waiting in disguise?
Japan's Nikkei was flat, while S&P 500 stock futures eased 0.2% and Nasdaq futures 0.3%.
IT stocks are likely to be in focus ahead of the earnings season and likely benefit from the India-Australia trade deal.