Global broking firm CLSA interacted with over 20 clients since HDFC Bank’s December quarter results (Q3FY24) on Tuesday. While most domestic clients were unhappy with the third quarter results, CLSA said that it was slightly different for the foreign investors who believe that we are near the end of the ‘EPS cuts’ cycle.Among the foreign investors, CLSA said that the ratio of “bears” to “bulls” seemed much lower than the domestic investors. “Many of them believe that the worst is almost over, and we should see an improving trend across all important parameters.”Moreover, some even pointed out that the Street is missing out on the merger synergy benefits that are yet to play out.Key…
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Category: HDFC Bank
Premarket Mover: HDFC Bank Ltd (HDB) Up 2.32% – InvestorsObserver
Premarket Mover: HDFC Bank Ltd (HDB) Up 2.32% InvestorsObserver
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Source: https://www.investorsobserver.com/news/stock-update/amp/premarket-mover-hdfc-bank-ltd-hdb-up-2-32
HDFC Bank Q3 profit rises 34 pc to Rs 16,373 cr – Press Trust of India
HDFC Bank Q3 profit rises 34 pc to Rs 16,373 cr Press Trust of India
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Source: https://www.ptinews.com/story/business/hdfc-bank-q3-profit-rises-34-pc-to-rs-16-373-cr/1062982
HDFC Bank share crash and the perils of equity funds that hug their benchmarks
The sharp 11 percent fall in the share price of HDFC Bank over the last two days has again raised questions over actively managed mutual funds mirroring their respective benchmarks in the Indian asset management industry.HDFC Bank is among the most-owned stocks in the Indian equity markets. To put things in perspective, there were 539 mutual fund schemes, including active and passive, with a total investment of Rs 2.17 lakh crore in the private sector lender as of December end.Of this, 420 schemes are actively managed with assets under management (AUM) of Rs 1.36 lakh crore, as per data available with Value Research.This is probably because HDFC Bank has the highest weightage in the…
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Buy HDFC Bank; target of Rs 1762: LKP Research
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LKP Research’s research report on HDFC Bank
HDFC Bank reported mixed operating performance in 3QFY24. The slippages decreased by 10% sequentially aided by stable recoveries and upgrades, which resulted in improved GNPA ratio at 1.26%. The reported GNPA is below the historical trend of 1.4%. Furthermore, the contingent stands adequate. In 2QFY24, the provisioning expenses were higher sequentially at ₹42.2bn (v/s ₹29.1bn 2QFY24). At the same time NII growth was tepid sequentially (23.9% YoY, 4% QoQ) against the…
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HDFC Bank: The worst may be over, but it's tough to reclaim its past glory – Moneycontrol
HDFC Bank: The worst may be over, but it’s tough to reclaim its past glory Moneycontrol
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Buy HDFC Asset Management Co; target of Rs 4005: KR Choksey
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KR Choksey’s research report on HDFC Asset Management Co
QAAUM (Quarterly Average Assets Under Management) were at INR 5,515 Bn as of December 31, 2023, a growth of 24.0% YoY/ 5.1% QoQ. The equity-oriented AUM to non-equity-oriented AUM ratio stood at 61:39 as of December 31, 2023, compared to the industry ratio of 53:47. • In Q3FY24, revenue stood at INR 6,713 Mn, an increase of 20.0% YoY/ 4.4% QoQ, despite a slight dip in yields. A resilient growth in AUM led to an increase in revenues. 9MFY24’s revenues grew…
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Trade Setup for Jan 18: Has the Nifty capped its downside ahead of weekly expiry? – CNBCTV18
Trade Setup for Jan 18: Has the Nifty capped its downside ahead of weekly expiry? CNBCTV18
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Sensex records worst single-day plunge in 18 months. Should you book profits?
Helped by one of the worst single-day falls in HDFC Bank shares in the last three years, Sensex on Wednesday recorded its worst daily performance in the last 18 months. During the day, Sensex fell over 1,600 points or 2.23%. The previous worst percentage loss was recorded on 13th June 2022 when the index crashed 2.68%.More than half of the decline in both Sensex as well as Nifty is attributed to heavyweight HDFC Bank, whose shares fell over 8% after investors were disappointed with flat NIM (net interest margin) at 3.4% in spite of wearing away of the ICRR impact and draw-down of some surplus liquidity.Also read: HDFC Bank shares at mouth-watering valuation, say contra buyers after $10…
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Nifty, Sensex Tumble Nearly 2% As HDFC Bank, ICICI Bank Weigh: Midday Market Update
India’s benchmark stock indices fell nearly 2% through midday on Wednesday, tracking a slump in index heavyweights HDFC Bank Ltd. and ICICI Bank Ltd.As of 12:01 p.m., the benchmark NSE Nifty 50 tumbled 356.90 points, or 1.62%, to 21,675.40, while the S&P BSE Sensex fell 1284.25 points, or 1.76%, to 71,844.52. The Nifty fell to an intraday low of 21,636.95 and the Sensex to a low of 71,757.54 so far in the day.The Nifty Bank and Financial Services sectors declined sharply, tracking a decline in HDFC Bank Ltd., which further weighed on the indices.”Today, the Sensex and Nifty experienced a significant decline due to a sell-off in banks following HDFC Bank’s Q3 results and amid unfavorable…
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