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MarketScreener Homepage  >  Equities  >  NSE India Stock Exchange  >  HDFC Bank Limited    HDFCBANK   INE040A01034

HDFC BANK LIMITED

(HDFCBANK)
  Report
End-of-day quote. End-of-day quote NSE India Stock Exchange - 11/27
1440.85 INR   +1.00%
11/26Indian shares jump as metals, financials gain
RE
11/23HDFC BANK : Disclosure under Reg. 30 of SEBI LODR
PU
11/16HDFC BANK : Schedule of analyst and investor meet
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SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

HDFC Bank : Sensex, Nifty close higher as HDFC Bank's gains offset energy, metals losses

09/30/2020 | 06:38am EST
The Bombay Stock Exchange building is seen in Mumbai

Indian shares edged higher on Wednesday as losses in energy and metal stocks were outweighed by gains in HDFC Bank, after a positive commentary on a recovery in retail loans and growth outlook.

The broader NSE Nifty 50 index ended up 0.2% at 11,247.55 and the S&P BSE Sensex climbed 0.3% to 38,067.93.

Shares of HDFC Bank rose as much as 2.3% after the top private lender's managing director Aditya Puri said the bank was "back to pre-COVID levels."

The management also added that the bank was seeing a significant recovery in all forms of retail loans and was confident about a significant pick-up in credit growth in the upcoming festival season.

HDFC was the top boost to the Nifty 50 index and its gains lifted the Nifty bank index to end nearly flat from a 1.3% fall.

The Nifty metals index fell 2.1%, while the energy sub-index dropped 1.1%, weighed down by a 9% slide in Bharat Petroleum Corp after Reuters reported that Rosneft and Saudi Aramco were unlikely to bid for the Indian refiner's stake.

The energy and metals indexes were also weighed down by Royal Dutch Shell's announcement that it plans to cut up to 9,000 jobs, or over 10% of its workforce, as part of a major overhaul to shift the oil and gas giant to low-carbon energy.

Meanwhile, Reliance Industries Ltd rose as much as nearly 1% early in the session, after the company said U.S. fund General Atlantic plans to invest 36.75 billion rupees ($498.31 million) for a 0.84% stake in its retail arm.

Investors are awaiting clues about the Indian economy from August infrastructure output data.

India's current account surplus rose to a record $19.8 billion in April-June as its trade deficit narrowed sharply, the Reserve Bank of India said on Wednesday.

By Sethuraman N R


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
HDFC BANK LIMITED 1.00% 1440.85 End-of-day quote.13.27%
SENSEX 30 1.15% 44655.44 Real-time Quote.7.02%
All news about HDFC BANK LIMITED
11/26Indian shares jump as metals, financials gain
RE
11/23HDFC BANK : Disclosure under Reg. 30 of SEBI LODR
PU
11/16HDFC BANK : Schedule of analyst and investor meet
PU
11/05Indian banks see revival in loan growth but concerns linger
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11/03HDFC BANK : Notice of Postal Ballot
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11/01MOVES-Carlyle appoints top Indian banker Puri as senior adviser
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10/30THE LAW OFFICES OF FRANK R. CRUZ : Reminds Investors of Looming Deadline in the ..
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10/30HDB DEADLINE ALERT : Bronstein, Gewirtz & Grossman, LLC Reminds HDFC Bank Limite..
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10/28HDFC BANK : Intimation under Reg 30 of SEBI LODR - Appointment of Director
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10/28HDFC BANK : Intimation under Reg 30 of SEBI LODR - Change in directorate
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More news
Financials
Sales 2021 884 B 12 020 M 12 020 M
Net income 2021 286 B 3 888 M 3 888 M
Net Debt 2021 - - -
P/E ratio 2021 27,7x
Yield 2021 0,67%
Capitalization 7 893 B 107 B 107 B
Capi. / Sales 2021 8,93x
Capi. / Sales 2022 7,85x
Nbr of Employees 116 971
Free-Float 83,4%
Chart HDFC BANK LIMITED
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HDFC Bank Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends HDFC BANK LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
 
Mean consensus -
Number of Analysts
Average target price
Last Close Price 1 433,30 
Spread / Highest target -
Spread / Average Target -
Spread / Lowest Target -
EPS Revisions
Managers
NameTitle
Sashidhar Jagdishan Chief Executive Officer & Managing Director
Shyamala Gopinath Chairman
Srinivasan Vaidyanathan Chief Financial Officer
Ramesh Lakshminarayanan Chief Information Officer
Kaizad M. Bharucha Executive Director
Sector and Competitors