HDFC Bank share price jumped on Thursday to hit a new all-time high of Rs 1,734.40 apiece on NSE. Prior to hitting a record high on NSE, the private bank stock climbed to its new peak on BSE, hitting an intraday high of Rs 1,733 per share on BSE
According to experts, all big private banks including HDFC Bank shares are in a bull trend as these lenders are expected to witness a rise in their business volume due to the interest rate hike pause by the Reserve Bank of India (RBI) in April
HDFC Bank's market capitalisation stood at Rs 9,65,377.46 crore as of Thursday's closing. As per analysts, HDFC Bank share has given a breakout at Rs 1,650. The Bank Nifty constituent is in uptrend, and may rally towards Rs 1,770 in the near term
In the last one year, HDFC Bank share price has jumped more than 27%, outperforming benchmark Bank Nifty which has rallied 23%. So far this year, the stock has jumped more than 6%. In the last six months, HDFC Bank share price has risen 14.59%
HDFC Bank's share price has grown around 2 times in the past three years, and over 70% in the last five years. Analysts at Sharekhan, ICICI Securities, Kotak Institutional Equities, Prabhudas Lilladher, Motilal Oswal have assigned a 'buy' rating to the stock with a target price of up to Rs 1,990 per share
HDFC Bank posted 19.8% YoY growth in net profit to Rs 12,047.5 crore for the fourth quarter ended March 31, 2023 (Q4FY23). The lender's Net interest income (NII) jumped by 23.7% to Rs 23,351.8 crore in the quarter under review. The bank showed healthy growth in deposits and credit, while provisions dropped steeply in Q4. Also, the bank's asset quality continued to be stable
The board of HDFC Bank Ltd approved a final dividend of Rs 19 per share for the financial year ended March 31. This is the highest dividend the lender has paid since listing. For FY22, HDFC Bank had paid a final dividend of Rs 15.5 a share
Meanwhile, HDFC Ltd on Thursday reported a 19.59% YoY rise in standalone net profit at Rs 4,425.50 crore for the March quarter compared with Rs 3,700.32 crore in the same quarter last year. Net interest income (NII) for the quarter jumped 16% to Rs 5,321 crore compared with Rs 4,601 crore in the same quarter last year. Net interest margin (NIM) for the quarter came in at 3.6%
The mortgage lender declared an interim dividend of Rs 44 per share of face value of 2 each for FY23. The record date for determining the shareholders entitled to the interim dividend, as approved by the board would be Tuesday, May 16. The dividend will be paid from Thursday, June 1 onwards
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