HDFC Whether you are a new investor or have been investing for a long time, there are a few questions that you need to know about the HDFCBANK share. One of these is whether the share will rebound in the future. Secondly, you need to know whether it’s worth investing in the share for the long term. Lastly, you need to know who is the biggest shareholder of the company.
What will be the share price of HDFCBANK in 2023
Currently, HDFC Bank is the largest private sector bank in India. It has a robust financial position and a diverse portfolio of financial services. Its strong presence in the retail and wholesale banking sectors has helped it gain market share. It has also made significant inroads into the banking consortia of leading Indian corporates.
HDFC Bank’s strategy has evolved in line with the changing competitive landscape. It is leveraging its strong technology backbone and geographical reach to create value for its customers. HDFC plans to fortify its product offering in the coming year. It also plans to expand its presence in the SME and Corporate segments by two times in the next two years.
HDFC Bank has a strong presence in retail and wholesale banking. Its wholesale banking offerings include Trade Credit, Working Capital, Supply Chain Financing, and Cash Management. It also caters to its customers’ needs in managing foreign exchange rate risks.
HDFC Bank also offers a range of consumer loans, including auto loans, two-wheeler financing, and loans against marketable securities. It also offers investment banking and transactional banking solutions to its customers. In addition, it provides solutions to stock exchange members and mutual funds.
HDFC Bank also has a significant presence in the card issuing and acquiring business. Its customers have spent over a third of the rupees in India through their cards.
HDFC Bank has also carved out Retail Assets as a separate strategic pillar. It plans to launch new policies and variants in the coming year to help customers gain access to services online.
What is the lot size of HDFCBANK future?
Whether you’re planning to dip a toe into the F&O pools, or have a full-blown 401k, you will want to be aware of the latest lot size changes. Here’s a quick rundown of the changes and how they are implemented.
The National Stock Exchange (NSE) has revised the market lot of derivatives contracts on individual stocks. The change is effective from 28 August 2015, with the changes taking effect on the day of the month they’re afloat. Using the NSE’s website, you can download a zip file containing the full list.
Besides, NSE has also revised the market lot of derivatives contracts on 151 stocks. Some 127 stocks won’t see a change, while the rest are in the same boat. For the most part, it’s all about the price. You should be able to pick up a futures contract for the price of a couple of Reliances. It’s a simple concept: you pay a fraction of the notional value of the contract.
The company’s futures and options contract has a lot in common with its shares, including the same strike price, expiry dates and trading hours. However, unlike the shares themselves, futures contracts are traded with a minimum investment of Rs.2 lakhs. This makes the stock one of the most liquid of its kind in the country. As with its shares, the futures and options contract consists of 50 underlying stocks, including HDFC, ONGC, Bharti, SBI, and Yes Bank. The company’s stock is also available in Futures contracts, which is akin to purchasing 250 Reliance shares.
One other thing you’ll want to keep in mind is the record date. HDFCBANK Futures will expire on the last Thursday of the month. Its record date is the 21st of June. That’s a good reason to watch the stock markets ticker ticker.
One thing you’ll want to remember is that you can’t trade in F&O contracts until they’ve hit their expiry dates. If you’re looking to scour the market for the best prices, you’ll want to be prepared to wait.
Who is the biggest shareholder of HDFCBANK?
ICICI Direct has given a buy recommendation on HDFC Bank. Its target price is Rs2840 per share. The company has a good provision buffer and a strong distribution network in India.
The bank has a large customer base and offers a variety of financial products. this Bank is a new-generation private sector bank.
HDFC has a strong customer base and a large distribution network. it has more than 3,000 branches and offers a variety of banking products. HDFC also offers sweep-in facilities and accepts savings accounts, current accounts, and rural accounts. It also accepts Demat and safe deposit locker accounts.
HDFC Bank is the largest private sector bank in India. It is also India’s largest housing finance company. Its net interest income rose by 10.2% in Q4FY22, and its gross non-performing assets (NPAs) were 1.17%.
HDFC Bank is acquiring HDFC Ltd in a $40 billion deal. The merger will create the largest financial services conglomerate in the world. Its combined asset base is expected to reach around Rs 18 lakh crore.
The merger will also increase HDFC’s mortgage portfolio, which will enable it to offer a wider range of financial products to customers. HDFC Bank’s current mortgage portfolio is primarily focused on the retail segment.
The merger will allow the two companies to cross-sell a wide variety of products. This will enhance HDFC’s overall customer base and will help close the gap with state-run lenders.
Will HDFCBANK bounce back?
Despite an uptick in net interest income, operating profit growth slowed down in the quarter. HDFC Bank reported a consolidated net profit of Rs 9,096 crore in the quarter, up 17.6% from the year-ago period.
However, the key positive was the Bank’s uptick in retail & commercial lending. In fact, the Bank’s management stated that retail & commercial growth will likely accelerate.
The Bank’s management also indicated that they plan to improve their collection efficiency. Furthermore, they have expanded their product offerings to serve the needs of their target segments. They are also investing in their digital footprint.
HDFCBank’s Q3FY22 performance was also driven by lower provisions and improved asset quality. The net non-performing assets, or NPAs, declined to 0.37% from 0.40% in Q3FY21.
Another notable feat was the Bank’s ability to increase its bounce rate. This measure is an important indicator of how well the Bank is dealing with credit risks.
While it’s unclear how much the Bank will improve its asset quality in the coming years, it is clear that they are making progress. The Bank’s overall provision now stands at 2.2% of its loan book.
The HDFCBank has been able to outperform its peers in terms of its ability to improve asset quality. In fact, HDFCBank has been able to lower its NPAs by more than a quarter.
It’s also important to note that the scrip has corrected from its highs of around 1722. However, it’s not impossible that HDFCBank will bounce back from the near-term lows.
Which share is better Icici or HDFC?
ICICI or HDFC Bank share is an attractive investment opportunity for investors. It’s one of the largest private Indian multinational banks with a network of 5,275 branches across 17 countries. It offers a wide range of products and services. ICICI Bank is also the first Indian bank to list on the NYSE. It has earned a reputation as the fastest growing bank in the banking sector.
ICICI Bank is one of the most profitable and efficient large liability franchises in the banking industry. The bank’s net profit in the first quarter of the current fiscal year was 60 percent higher than the same period last year. The bank reported its seventh consecutive beat on quarterly earnings.
The bank’s asset quality is also much better. Its loan book is now more corporate-heavy, with a higher proportion of small business loans. It also has strong capital ratios.
In the past 18 months, ICICI Bank has made a strong comeback. Its share price has jumped 18 percent. It has outperformed SBI and HDFC Bank on most metrics. Several global brokerage houses have issued ratings on the stock.
Kotak Institutional Equities has given a ‘Buy’ rating to ICICI Bank. The bank is expected to deliver 17 per cent compound annual profit growth over the next five years. It also expects the stock to trade at a premium. It has a target price of Rs 1,025 per share.
Is it worth to buy HDFCBANK share for long term?
Investing in HDFC Bank shares is not a bad idea. However, there are some questions about the company’s long-term prospects. After all, the HDFC-HDFC Bank merger will take about 12-18 months to complete.
If the HDFC-HDFC Bank merger is approved, the merged entity would become one of the top five or six banks in the world. This could redefine the competitive landscape for banks. However, there are some issues that need to be resolved before investors can fully understand the prospects of the merger.
The merged entity’s profitability is likely to be impacted by higher regulatory requirements and the need to buy priority sector lending certificates. In addition, the merged entity may have to absorb low-yielding home loans, which could drag on its P&L.
According to Macquarie Capital Securities, the merged entity would need to raise Rs 90,000 crore in priority sector lending. But the focus on wholesale loans could pay off as interest rates rise.
HDFC Bank’s core net revenue excluding trading losses grew 18.3%, which was the highest in more than two years. Its total net revenue for the quarter ended September 30, 2022, was Rs 28,616.7 crore.
However, HDFC Bank’s loan growth was well above industry low single digits. As a result, its bad loans jumped to 1.36 percent of the loan book, which was a stark figure.
While a number of analysts expect return on equity (ROE) to drop, others are more bullish on the stock’s long-term prospects. LKP Securities, for instance, says HDFC Bank’s superior balance sheet growth will make it outperform the sector in the long-run.