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.
The bids for subscription will open on September 29, 2021, and close on the same day
Housing Development Finance Corporation Ltd (HDFC) on Saturday said it has sold a part of the shares, invoked by it of Ansal Housing, to recover its dues. In August, HDFC had invoked 46,20,000 shares of Ansal Housing Limited (Ansal) aggregating 7.78 per cent of the paid-up share capital, for recovery of part outstanding dues against loans availed by pledgers/borrowers. "In this connection, we wish to inform you that out of this, the Corporation has in aggregate sold 12,67,504 shares, representing 2.13 per cent of the paid-up share capital of Ansal, including 1,57,939 shares representing 0.27 per cent of the paid-up share capital of Ansal which were sold on September 24, 2021," HDFC said in a regulatory filing.
Lower rates to aid loan demand for financiers who can offset discounts over the long tenure
Country's biggest mortgage lender HDFC on Tuesday announced a festive offer in line with peers like SBI with home loans starting from 6.70 per cent.
The stock hit a seven-month high of Rs 2,852, and is less than 2 per cent away from its record high level of Rs 2,895
The scrip surged 3 per cent at Rs 1,564.75 on the BSE in intra-day trade on Wednesday and was among the top gainers on the BSE barometer
Shares of HDFC Bank on Wednesday rose nearly two per cent in early trade as investors cheered the Reserve Bank's decision to allow the lender to issue new credit cards. With the lifting of the eight-month-long ban on HDFC Bank with respect to selling new credit cards, its shares climbed 1.61 per cent to Rs 1,539.10 apiece after opening at Rs 1,550. The scrip touched an intra-day high of Rs 1,564.75 apiece on the BSE. The market capitalisation stood at Rs 8,51,282.53 crore. On the NSE too, similar trends were witnessed as the shares gained 1.60 per cent to Rs 1,538.95 and reached an intra-day high of Rs 1,565.35. The scrip opened at Rs 1,556.70 apiece. In a regulatory filing on Wednesday, HDFC Bank said the Reserve Bank of India (RBI), through its letter dated August 17, has relaxed the restriction placed on sourcing of new credit cards. The central bank had issued orders in December and February to HDFC Bank on certain incidents of outages in the internet banking /mobile banking/
HDFC Ltd said individuals can earn interest at 6.55 per cent on their deposits, whose period can range from 3-10 years
HDFC Bank, IndusInd Bank and AU Small Finance Bank to see highest inflows due to increase in weightage; SBI, ICICI Bank and Kotak Mahindra Bank may see highest outflows
Renewed optimism around the domestic economic outlook, following an improvement in high-frequency indicators underpinned more than 3 per cent jump this week, so far
The funding advantage and adequate capital will aid growth and earnings while healthy provision buffer and improvement in collection will aid asset quality, analysts said
Growth trends still strong; it is well-capitalised, provision coverage is high
Company says said the profit numbers for Q1Fy22 are comparable with that of the previous year for reasons including higher effective tax rate.
In the broader markets, both, the BSE MidCap and SamllCap indices hit record highs of 23,342 and 27,106, respectively earlier in the trade
The number missed Street expectation, which had estimated up to 9 per cent YoY rise in PAT
Hindalco Industries is planning to invest around Rs 8,000-10,000 crore in Hirakud, Silvassa and Mundra plants
The country's largest mortgage lender HDFC Ltd on Wednesday said it has enhanced its existing limit to raise capital through medium-term notes to up to USD 2.8 billion (about Rs 20,875.65 crore).
Green housing is regarded as a luxury market in the country, but has climate benefits. IFC said its partnership with HDFC would help change perceptions about the market.