HDFC Bank

Buy HDFC Bank on Declines, says Hemant Thukral of Aditya Birla Money

Buy HDFC Bank on Declines, says Hemant Thukral of Aditya Birla MoneyStock market expert Hemant Thukral from Aditya Birla Money has suggested buy call for HDFC Bank on decline. There has been good activity in some mid cap PSU banks in recent times. Some banks have given good returns in year 2012. However, Hemant Thukral is bearish on smaller PSU banks.

He expects HDFC Bank and ICICI Bank to perform better and suggests buy call for HDFC Bank on decline.

Technical expert Sudarshan Sukhani of s2analytics.com has suggested buy call for BPCL. BPCL is currently trading at Rs 650.


ICICI and HDFC to Offer Teaser Loans, Others Back Out

ICICI and HDFC to Offer Teaser Loans, Others Back OutThough Indian private banks like ICICI and HDFC favored the policy of dual interest rate housing loans, other banks are unlikely to go the same direction.

Perhaps the reason lies in the fact that there are many provisioning requirements which could pose a huge roadblock for banks, though ICICI and HDFC think otherwise.

Even the largest lender, SBI, had withdrawn its hands from the loan scheme, post acknowledging the same.


HDFC Witnesses an Overall Gain in the First Quarter Till June 2011

HDFC Witnesses an Overall Gain in the First Quarter Till June 2011The Bombay Stock Exchange showed HDFC bank at a growth by 33.7% in the revenue amounting to Rs 1,085 crore, in the first three months of the financial year up to June 2011. The total profit earned by June 2010, amounted to Rs 811 crore.

The income generated by the bank by the end of June 2011, increased to an amount of Rs 7,098 crore, which was 5,410 crore in the same period last year, an increase of 31.2%. The balance sheet of this year grew by 22.6%, amounting to Rs 2, 85,942 crore at the end of June.


Buy HDFC Bank To Achieve Target Of Rs 2393

Buy HDFC Bank To Achieve Target Of Rs 2393Technical analyst Simi Bhaumik has maintained 'buy' rating on HDFC Bank Limited stock to attain an intra-day target of Rs 2393.

According to analyst, the investors can buy the stock with a stop loss of Rs 2335.

The stock of the company, on April 27, closed at Rs 2354.95 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 84.70 and 27.81 respectively.

The share price has seen a 52-week high of Rs 2518 and a low of Rs 1816 on BSE.


Buy HDFC Bank On Dips

Buy HDFC Bank On DipsTechnical analyst Jatinder Sharma has maintained 'buy' rating on HDFC Bank stock to attain a short term target of Rs 2220.

According to analyst, the investors can buy the stock on dips.

Today, the stock of the bank opened at Rs 2178 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 2518 and a low of Rs 1797.10 on BSE.

Current EPS & P/E ratio stood at 78.87 and 27.55 respectively.


Banks raise home loan rates after HDFC hikes it by 25 basis points

HDFCThe biggest bank in terms of home loans, HDFC said that it has raised its floating interest rates by close to 25 basis points. That being the case, loans for homes will become costlier for existing as well as new borrowers.

Following the same trend, many other banks too have raised their rates. The most prominent ones in this category are, Oriental Bank of Commerce, Indian Overseas Bank and Dena Bank besides Punjab National Bank, Allahabad Bank and United Bank, who went out for hiking their benchmark prime lending rates (BPLR).


Intra Day Buy Call For HDFC Bank

Intra Day Buy Call For HDFC BankTechnical analyst Anil Singhvi has maintained 'buy' rating on HDFC Bank Limited stock with an intra-day target of Rs 2125.

According to analyst, the investors can purchase the stock with a stop loss of Rs 2030.

The stock of the company, on January 27, closed at Rs 2052.15 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 2518 and a low of Rs 1560 on BSE.

Current EPS & P/E ratio stood at 78.87 and 26.18 respectively.

HDFC Bank has kicked off its 100th arm in the state of Andhra Pradesh.


Buy HDFC Bank With Long Term Target Of Rs 2470

Buy HDFC Bank With Long Term Target Of Rs 2470Fairwealth Securities has maintained its buy rating on HDFC Bank with a price target of Rs 2470 in its report dated January 19, 2011.

At the current price of Rs. 2109, the stock is trading at just 24.18x and 18.51x times of the projected FY11E & FY12E earning.

Presently, Housing Development Finance Corporation (HDFC) Bank has a branch network of over 1765 spread across 819 cities in the country.


Buy HDFC Bank With Stop Loss Of Rs 2075

Buy HDFC Bank With Stop Loss Of Rs 2075Technical analyst Prakash Gaba has maintained 'buy' rating on HDFC Bank Limited stock with a target of Rs 2150.

According to analyst, the investors can purchase the stock with a stop loss of Rs 2075.

Mr. Gaba said that the said target can be attained in 2-3 trading sessions.

The stock of the company, on January 18, closed at Rs 2108.75 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 2518 and a low of Rs 1560 on BSE.

Current EPS & P/E ratio stood at 74.13 and 28.13 respectively.


HDFC net profit surges by 32.71% in during Q3

India’s largest mortgage company, Housing Development Finance Corp. Ltd (HDFC) has carried out a 32.71% rise in net profit during the December quarter. It was highly depended on income from the trade of a part of its investment in Infrastructure Leasing and Financial Services Ltd (IL&FS).

IL&FS is a finance company which has been supported not only by HDFC but also by Central Bank of India and the ex Unit Trust of India (UTI).

There has been an increase in the profit to Rs890.88 crore during the quarter ended December. In previous year the profit was Rs671.25 crore for the same period of time.


Buy HDFC With Target Of Rs 715

Buy HDFC With Target Of Rs 715Technical analyst Nishant Jain of Tradeswift Broking has maintained 'buy' rating on Housing Development Finance Corporation Limited (HDFC) with a 1-2 day target of Rs 715.

According to analyst, the investors can buy the stock with a stop loss of Rs 690.

The stock of the company, on December 01, closed at Rs 698.60 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 780.05 and a low of Rs 466 on BSE.

Current EPS & P/E ratio stood at 21.23 and 33.17 respectively.


HDFC Bank net profit up 33%

HDFC Bank net profit up 33% HDFC Bank reported a net profit of Rs 912.1 crore for the quarter ended September on the support of strong growth in interest income, there has been an increase of a 32.7 per cent from Rs 687.46 crore an year before.

The country’s second largest private sector lender was also facilitated by lower provisions for bad loans, which knock down to Rs 454.5 crore in the September quarter, touching Rs 594.1 crore an year ago.

Net interest income grew 29.2 per cent to Rs 2,526.3 crore, against Rs 1,955.3 crore in the September 2009 quarter.


No change in teaser rates, says HDFC Chairman

No change in teaser rates, says HDFC ChairmanThe Chairman of HDFC, Deepak Parekh has said that there will be no change in the current teaser rates in home loans. Parekh was talking to media on the sidelines of an event that talked whether the teaser rates should be changed or not.

Parekh further added that if one of the top banks changes the stand on teaser rates than the others will follow too. So, it should be made a permanent affair.


SBI and HDFC tussle in home loan segment continues

SBI and HDFC tussle in home loan segment continuesTwo of the biggest banks in the country are trying their level best to ouster the other in the home loan market. HDFC and SBI are doing every bit to attract the customers and there is no sign of the end of this tussle.

Within a week of the expiry of its teaser home loan scheme, HDFC has re-launched the same but with a slight high rate. And now it is expected that SBI will also be extending its teaser scheme. It was earlier to expire on September 30.


Buy HDFC Bank With Stop Loss Of Rs 1990

Buy HDFC Bank With Stop Loss Of Rs 1990Stock market analyst Sanjay Surekha has maintained 'buy' rating on HDFC Bank stock with long term target of Rs 2180.

According to analyst, the investors can buy the stock stop loss of Rs 1990.

Today, the stock of the bank opened at Rs 2052 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 68.91 and 30.03 respectively.

The share price has seen a 52-week high of Rs 2110.40 and a low of Rs 1369 on BSE.


HDFC soaring up by 34%

HDFC soaring up by 34%Sturdy credit augmentation and steady margins aided HDFC Bank in reaching a 34 per cent plunge in net profit which is at Rs 812 crore for the quarter closing June 30. In the similar period last year, the bank earlier recorded a net profit of Rs 606 crore.

Gross proceeds for the quarter increased by 42 per cent out of which, approximately 10 per cent incline in advances was owing to short-term comprehensive loans to the telecom domain. The augmented loan built-up during the quarter of March was 16 per cent.


HDFC bank posts 34% rise in quarterly profit

HDFC-BankOn Monday, one of India's leading private sector bank, HDFC bank said that it has seen a 34 per cent rise in its quarterly profit.

This is inline with the street estimates and has happened because of strong sales on the corporate and retail loan segment pushed by a fast growing Indian economy.

HDFC bank, which is also listed on New York has seen a 40 per cent growth in the field of gross advance during the April-June quarter as compared to the same quarter during last year. In money terms , it stood at $31 billion.


HDFC MF banned from trading by SEBI

HDFC MF banned from trading by SEBIHDFC Asset Management has been barred from trading in the stock market by Securities and Exchange Board of India (SEBI). This step was taken by the regulator because it found the equities dealer involved by leaking key information in advance.

The orders are that it should not be allowed to do any market transaction till further notice is served to them.

SEBI showed instances where investors Rajiv Ramniklal Sanghvi, Chandrakant P Mehta and Dipti Paras Mehta, placed their orders in the same stocks just before they were traded by Nilesh Kapadia on behalf of HDFC AMC.


HDFC bank debit card users can withdraw more money

HDFC bank debit card users can withdraw more moneyThe HDFC Bank has increased the limit of its ATM cards, specifically the Imperia Gold Card. As per the statement made by the bank, the card can now withdraw Rs. 1 lakh and Rs. 1.25 lakh from the ATMs.

Earlier the limit was Rs. 50,000 per day. On the other hand, Easy Shop Regular International/Maestro/NRO cards will have their limits increased to Rs. 25,000 and Rs. 40,000.


Sell HDFC Bank

Sell HDFC BankTechnical Analyst Sudarshan Sukhani has maintained 'sell' rating on HDFC Bank stock to achieve a term target of Rs 1920.

According to Mr. Sukhani, investors can sell the stock with a stop loss of Rs 1995.

Mr. Sukhani also said that if the stock fell below 1910, then it will see more downfall in the coming trading sessions.

Today, the shares of the bank opened at Rs 1960 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 2009.90 and a low of Rs 1142 on BSE.

Current EPS & P/E ratio stood at 64.42 and 30.42 respectively.


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