The company had recently reported a 11 per cent jump in net profit at Rs 3,261 crore, on the back of higher income and lower-than-expected credit loss.
HDFC, HDFC Bank, HDFC AMC and HDFC Life were underperforming the market by falling in the range of 3 per cent to 4 per as against a 1.7 per ent decline in the S&P BSE Sensex.
Among sectors, all the key indices ended in the red, led by the Nifty IT index (down 2 per cent) and the Nifty Realty index (down 1.7 per cent). Nifty Auto index was the only gainer, up 0.4 per cent.
Strong demand for home loans and improved collection efficiency augur well
Higher income and lower-than-expected credit loss cited for better show; NII up 7% to Rs 4,284 crore
Business Standard brings you the top headlines on Wednesday
Financial stocks were the show-stoppers today as six of the top 10 Sensex contributors were either banks or NBFCs
Net interest income rose 5% to Rs 4,284 cr
CLSA believes domestic AMCs will have huge growth potential, given the huge underpenetration of MFs in the country
Such banks are perceived as 'too big to fail'
The mortgage lender keeps liquidity buffers worth Rs 55,000 cr
The bank was the second largest bank in the state with a market share of over 10 per cent, it said
The bonds, rated AAA by Crisil and ICRA, carry coupon rate of 7.05% per annum
Gold and steel related stocks are likely to hog the limelight in trades on Tuesday. The former on the account of Dhanteras, while the latter owing to hike in steel prices
The lender's revenue from operations rose 4% YoY to Rs 12,216 crore in the reporting quarter while NII was up 13% to Rs 4,109 crore in Q2
HDFC scrip was trading at Rs 2,901.35 apiece on BSE, up 2.02 per cent from the previous close
Here's a list of stocks recommended by top brokerage and research firms that can help you build your portfolio this Diwali
Plenty of stocks are set to react to September quarter earnings by corporate over the weekend this morning
According to the technical analyst from Anand Rathi, both the stocks are placed well on a risk-reward ratio from a short to medium-term perspective
NSE International Exchange (NSE IFSC) on Friday said it has listed HDFC Bank's additional masala bonds on its debt securities market platform. NSE IFSC is a wholly-owned subsidiary of the National Stock Exchange (NSE). The private lender's additional Tier 1 (AT1) masala bonds got listed on the debt securities market platform. "HDFC Bank has raised Rs 739 crores under USD 3 Billion Medium Term Note Programme," NSE IFSC said in a release. Since the launch of NSE IFSC Debt Securities Market (DSM), it has listed total aggregate medium-term notes worth over USD 31 billion and listed bonds worth more than USD 17 billion, it added. This also includes USD 1.75 billion worth of green and sustainable bonds. NSE IFSC launched DSM for listing and trading of debt securities in multiple foreign currency bonds, green bonds, masala bonds, notes, among others, on March 16, 2018.