Reliance Industries, ICICI Bank, State Bank of India, ITC, Hindustan Unilever, and Life Insurance Corporation of India (LIC) were the gainers, Tata Consultancy Services (TCS), HDFC Bank, Bharti Airtel, and Infosys faced erosion from their market valuation.
HDFC Bank has issued an advisory, urging its customers to stay vigilant and avoid falling victim to fraudulent practices like digital arrest.
Last week, nine of the top 10 most valued firms together lost a whopping Rs 2,09,952.26 crore from market valuation. Hindustan Unilever and Reliance Industries Limited took the biggest hit.
HDFC Bank’s deposit growth for the second quarter of the financial year (Q2 FY25) has outpaced its credit growth on a sequential basis.
Global brokerage firm BofA downgraded the stock of HDFC Bank to 'neutral' from 'buy’ resulting in the decline of bank’s shares nearly a percent to Rs 1,622 a piece on Wednesday.
These banks include Axis Bank, Survoday Small Finance Bank, ICICI Bank, Bandhan Bank, YES Bank and IndusInd Bank.
Recently, the private sector lender reported a 33 per cent jump in its net profit at Rs 16,372 crore in Q3 of FY24, as compared to Rs 12,259 crore a year ago.
Equity mutual funds saw net inflows dip sequentially in July on the back of outflows from large-cap funds, but flows remained positive for the 29th consecutive month, says Deepak Jasani, Head of Retail Research, HDFC Securities.
Home finance company Housing Development Finance Corporation Ltd (HDFC) closed the Q2FY23 with a higher net profit of Rs 4,454.24 crore.
The largest private sector bank in India is investigating whether any extra funds placed in the accounts were withdrawn.
