Wed, Nov 29, 2023
The risk for investors lies in the rich valuations of these banks. HDFC and ICICI trade at a price-to-book (P/B) ratio, a metric that compares stock price with underlying assets, of 3, while Axis trades at 2.3 and BCA at 5.
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Sun, Nov 26, 2023
The market valuation of ITC was down Rs 1,808.36 crore to Rs 5,46,000.07 crore, while that of Infosys dipped Rs 290.53 crore to Rs 5,96,391.22 crore.
Sun, Nov 12, 2023
ICICI Bank added Rs 3,520.92 crore taking its market valuation to Rs 6,57,563.38 crore.
Mon, Apr 04, 2022
HDFC Bank has approved the merger with its promoter HDFC Limited, which was announced through an exchange filing on Monday. Post-merger, HDFC Limited will hold a 41 per cent stake in the bank.
India’s largest private sector bank – HDFC Bank has announced a transformational merger with its non-banking finance company promoter HDFC Limited on Monday.
The stocks markets were on fire on Monday driven by the news of a mega-merger between the largest Indian housing finance company HDFC Limited and the largest private lender HDFC Bank.
HDFC Limited is all set to be merged with HDFC Bank as part of transformational merger, said regulatory filing by the two companies on Monday.
Shares of HDFC Bank were trading with over 13% gains after the company entered into an agreement to be merged with HDFC Ltd.
India's largest private lender HDFC Bank will merge with the country's largest housing finance company HDFC Ltd to create a financial services conglomerate, the companies said on Monday, sending their shares sharply higher.
HDFC and HDFC Bank rallied up to 10 per cent after their respective boards approved the merger of HDFC into HDFC Bank. HDFC will now acquire 41% stake in HDFC Bank through the transformational merger.
HDFC Limited will merge into HDFC Bank, India's largest private sector bank by assets, as part of transformational merger, read a regulatory filing by the two companies.
Tue, Mar 29, 2022
In today's edition of BULL Vs BEAR, Zee Business' Senior Research Analyst Varun Dubey and Research Analyst Ashish Chaturvedi bring exclusive research on the RBL Bank stocks.
Fri, Mar 25, 2022
Credilio has raised USD 4 million or around Rs 30 crore in pre-series-A round from a clutch of investors.
The MR ePay will provide an end-to-end online auto finance journey with almost instant approvals while offering seamless, customised, and instant financing solutions from a consortium of leading banks, the company said in a statement.
Mon, Mar 14, 2022
Fundamentally strong shares in mid, small and large cap segments were the top preferences of Mutual Funds in February, according to Edelweiss Alternative Research report.
The Reserve Bank of India (RBI) has lifted all restrictions imposed on this private lender. The shares of the largest Indian private lender were trading at Rs 1,436.7 per share to touch day's high level on the BSE.
Sat, Mar 12, 2022
The India’s largest private lender HDFC Bank on Saturday in a release said that the Reserve Bank of India (RBI) has lifted all the restrictions it had put in place on the bank’s business generating activities planned under the Digital 2.0 program.
Fri, Mar 11, 2022
HDFC Bank shares have been surging in the last three sessions, however, were trading at 52-week low till last week. It closed over 1 per cent higher to Rs 1389 apiece on the BSE, Thursday.
Thu, Mar 10, 2022
At a time when Brent crude looks like sustaining north of $ 125/barrel after having nearly breached $140, and with LME Metals index staying in sync, it is difficult to predict how long the war and its impact on resource prices will stay, the brokerage mentions in its report.
Oil prices also regained some footing, having fallen more than 12% on the previous session as United Arab Emirates pledged to support hiking oil output to ease mayhem in energy markets, it further said.
Fri, Mar 04, 2022
Certain stocks were in action in either direction based on reports linked to them. Here is a list of some of such stocks.
Similarly, total 26 stocks from the Nifty500 index such as Ashok Leyland, Apollo Tyres, Ramco Cement, Dalmia Bharat, JK Cements, Kansai Nerolac and SBI Cards and Payment Services among others hit their respective 52-week lows
Fri, Feb 25, 2022
The economy of India is continuously recovering and investing in quality stocks by looking at the fundamentals will be beneficial for investors said Saurabh Mukherjee.
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