Stock to buy or sell: Yes Bank shares rose sharply on Friday last week. Yes, the Bank share price opened flat on Friday and remained sideways until 12:15 PM. The stock surged around noon, reaching an intraday high of ₹27.04 on the NSE before closing. According to stock market specialists, a post-Q1FY25 business update from…
In the June 2024 quarter, Federal Bank’s gross advances increased by 20% to ₹2,24,139 crore from ₹1,86,593 crore in the previous year, leading to an increase in share price. On Wednesday, Federal Bank’s share price rose more than 4% to a new 52-week high after the lender published a good business update for the first…
HDFC Bank share price rose as FIIs holding less than 55% of the bank’s shares might result in a large weight change from 3.8% to 7.2% to 7.5%, potentially triggering $3.2 billion to $4 billion in inflows. In early trade on Wednesday, HDFC Bank shares rose more than 3% to a 52-week high apiece on anticipation…
Axis Bank stock: On the morning of April 24, Axis Bank shares rose by 0.5 percent as investors anticipated the announcement of the March quarter results. The third-largest private sector lender in India is projected to post a net profit of Rs 6,098 crore, contrasting with a loss of Rs 5,728 crore in the corresponding…
HDFC Bank: Despite HDFC Bank’s shares opening positively, the lender’s Q4 profitability fell short of expectations due to increased provisioning. By 9:17 am, the stock was down 0.6% at Rs 1522.15. In Q4, the bank posted a standalone net profit of Rs 16,500 crore, compared to Rs 16,400 crore in the previous quarter. According to…
HDFC Bank Q4 Results: HDFC Bank released its financial results for the January-March quarter of the fiscal year 2023-24 (Q4FY24), revealing a standalone net profit of ₹16,512 crore. This figure represents a slight increase from the ₹16,373 crore reported in the previous December quarter. However, it’s important to note that HDFC Bank merged with its…
NTPC shares: On Friday’s session, NTPC’s stock surged 3%, reaching a 52-week high. This uptick followed the announcement that its subsidiary, NTPC Green Energy, has enlisted the services of four investment banks to manage its upcoming initial public offering (IPO), which is valued at ₹10,000 crore, according to Moneycontrol. If successful, it would mark the…
HDFC Bank shares: During the past week, there was notable buying activity in HDFC Bank shares. Within this period, the share price of HDFC Bank increased by 6 percent, leading to speculation that the large-cap banking stock may be transitioning out of a base-building phase following its merger with HDFC Ltd. Experts anticipate that HDFC…
HDFC ADR: On April 4th, the HDFC Bank American Depository Receipt surged by 7% following its announcement of a robust business update for the fourth quarter. Notably, the bank’s ADRs outpaced all other Indian ADRs in performance. The banking stock listed on the NYSE climbed to an intraday high of $60.42, marking a significant increase…
HDFC Bank: Foreign Portfolio Investors (FPI) dumped shares of HDFC Bank Ltd in the last quarter, the latest dividend data available on the stock exchange showed. 2,663 FPIs in total held 3,14,19,30,208 shares or 47.83 percent in the third most valuable company on Dalal Street at the end of the March quarter, the data showed…
