In the past three months, HDFC Bank (up 13 per cent) and HDFC (up 15 per cent) have outperformed the benchmark S&P BSE Sensex
Analysts expect HDFC Bank's stock to perform gradually until the margin profile revives, and the merger-related overhang eases
HDFC Bank let go of Rs 40,000 cr loans as pricing didn't match bond mkt rates
CLOSING BELL: TCS, Maruti, Divis's Labs, HDFC Life and Dr Reddy's were among the handful of stocks that held minor gains
Stocks to watch today: In a relief to multiplexes, the Supreme Court on Tuesday said that theatre owners had the right to prohibit outside food and beverages on their premises
From Ramesh Iyer, VC & MD at Mahindra Financial Services to Rakesh Singh, MD & CEO at Aditya Birla Finance, here is the list of panelists from NBFCs
With this rate hike, HDFC has now passed on the entire rate hike done by the six-member monetary policy committee (MPC) of the Reserve Bank of India (RBI) to the borrowers
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Domestic deals to fuel M&As in the new year as global slowdown looms
After the stake sale, abrdn will cease to be a co-sponsor of HDFC Mutual Fund; it had divested 5.58% in HDFC AMC for over Rs 2,300 cr in August
Parekh said the voting process of shareholders on the proposed merger has received "fair amount of votes" from shareholders already
Under new framework, in the event of a merger, target company will be deleted from index a day prior to ex-date, weight of acquirer (if part of the same index) will be increased the same day
The HDFC Capital through its H@ART platform has committed to more than 15 investments in Indian prop-tech startups and has already invested in companies like Loyalie and HomeExchange
Stocks to Watch Today: Bikai Foods, Global Health (Medanta) set for market debut today. Meanwhile, in the F&O segment, BHEL, Delta Corp, GNFC, PNB and Sun TV were in F&O ban period on Wednesday.
Mortgage lender HDFC will raise up to Rs 5,500 crore by issuing bonds on private placement basis to shore up its resources. The secured redeemable non-convertible debentures (NCDs) issue will have a base size of Rs 4,000 crore with an option to retain oversubscription of up to Rs 1,500 crore. "The object of the issue is to augment the long-term resources of the Corporation," HDFC Ltd said in a regulatory filing on Tuesday. The largest mortgage lender of the country said it will use the proceeds from the issue for financing or refinancing the housing finance business requirements. The bonds issue opens on November 17, 2022 and closes the same day. Housing Development Finance Corporation (HDFC), set for a merger with its subsidiary HDFC Bank, will offer a coupon at 7.70 per cent per annum on the bonds. The tenor of the bonds is of three years. HDFC stock was trading at Rs 2,667.10 on the BSE, up 0.21 per cent from the previous close.
According to a Macquarie report, the merged entity of HDFC-HDFC Bank may command a MSCI Weight of 13 per cent, up from 5.78 per cent
Analysts positive on stock, expect it to trade in the Rs 2,750-Rs 3,000 range
CLOSING BELL: IT, Power stocks logged significant losses, even as select financial stocks gained.
Stocks to Watch today: Wipro has launched a new financial services consulting capability in India named Capco
Price band set at Rs 197-207; No institutional takers for Fusion microfinance on opening day