HDFC Bank just 5% away from peak! Brokerages see up to 22% more upside; here's why

While India's largest private sector lender has given pretty muted returns in the current calendar year 2023 so far, up less than 1 percent, the stock is only 5 percent away from its 52-week high of ₹1,733.95, hit on May 4, 2023.

Mcap of 6 of top 10 valued firms erodes by ₹70,486.95 crore; Reliance, TCS biggest laggards

<ul><li>While Reliance Industries, TCS, HDFC Bank, ITC, State Bank of India and HDFC were the laggards from the top 10 pack, ICICI Bank, Hindustan Unilever, Infosys and Bharti Airtel were the gainers.</li></ul>

HDFC, HDFC Bank fall nearly 2% after shares turn ex-dividend

The board of directors of HDFC Bank announced a final dividend of ₹19 per equity share with a face value of ₹1, which represents a 1900% dividend. The private sector lender fixed May 16 as the record date for determining eligible shareholders.

HDFC Bank raises MCLR by 15 basis points. Details here

The one-year MCLR — the key criterion for most loans — has been raised to 9.05 percent from the earlier 8.95% Caption

Stocks to buy: Kotak Securities lists 7 top picks for May including HDFC Bank

Markets recovered in April after declining in earlier months of 2023. In the near term, &nbsp;Kotak Securities believes, markets may stay muted due to inflation &amp; earnings downgrades in certain sectors. Here are 7 top stocks by Kotak Securities for May:

Mcaps of four of top 10 valued firms fall by ₹56,006 crore; HDFC twins take biggest hit

<ul><li>The valuation of HDFC Bank tumbled ₹34,547.61 crore to ₹9,07,505.07 crore, the most among the top 10 firms.</li></ul>

Market Wrap: Sensex, Nifty fall over 1% on selling in HDFC twins

Stock Market

<ul><li>The 30-share BSE Sensex tanked 694.96 points or 1.13 per cent to settle at 61,054.29. During the day, it plunged 747.08 points or 1.20 per cent to 61,002.17. The NSE Nifty fell 186.80 points or 1.02 per cent to end at 18,069.</li></ul>

HDFC twins fell over 5% each on Friday; here's why

HDFC twins tanked after the MSCI announced that it will use an adjustment factor of 0.50 (vs the expectations of 1) for computing the weight of the merged entity of HDFC Bank and HDFC.

HDFC Bank vs ICICI Bank: Who reported better fourth-quarter earnings?

HDFC Bank's net profit for the March quarter came in at ₹12,047.5 crore, up 19.8% YoY. ICICI Bank's net profit for Q4 FY23 stood at ₹9,122 crore, a 30.0% YoY increase, and its net profit for the fiscal year 2023 was ₹31,896 crore, a 36.7% YoY increase.

FPIs infuse ₹8,643 crore in Indian equities in April so far: Report

FPIs heavily bought financial stocks for ₹4,410 crore during the fortnight that ended April 15. Besides, they were also buyers of automobiles and capital goods. In addition, IT stocks too saw buying interest, although marginally.

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HDFC Bank just 5% away from peak! Brokerages see up to 22% more upside; here's why

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