Umesh Mehta recommends 5 stocks that would be wealth creators for the next 2-3 years would be Hindustan Zinc, HDFC, SBI Life Insurance, Kotak Mahindra Bank and ITC.
The nation's largest lender and HDFC's immediate competitor in the mortgage space SBI had also cut its key rates by 0.10 percent last week.
Net Interest Income (NII) is expected to increase by 16.5 percent Y-o-Y (up 1.2 percent Q-o-Q) to Rs. 2,808.2 crore, according to ICICI Direct.
HDFC remains a key beneficiary of a liquidity shift towards strong and top quality names while most housing finance companies on the street stand crippled by the tightened liquidity
The issue size is of Rs 2,000 crore with an option to retain subscription up to Rs 3,000 crore.
In an interaction with Moneycontrol, Deepak Parekh, Chairman, HDFC, spoke about how the corporate tax rate cut could revive investments and market sentiment.
The external benchmarking mandate may lead to ALM risk in banks' books if they are unable to address the interest rate risk between floating rate loans and fixed rate deposits.
According to the latest block deal data available with BSE, HDFC sold 27 lakh shares of Gruh Finance at Rs 247.15 per piece for a total amount of Rs 66.73 crore.
Our advice to traders and short-term traders is to stay away in taking bullish call for the next few weeks on HDFC
RBI has also set framework to build regulatory sandbox for innovation in fintech. Banks Board Bureau has begun its hunt for BoI, PNB heads
The base size of the issue was Rs 500 crore, with an option of retaining oversubscription of up to Rs 4500 crore.
Both global and domestic factors left investors on the edge, with selling pressure at higher levels pushing benchmark indices below their crucial support levels.
Despite the recent selloff in Indian markets, Morgan Stanley maintains its base case scenario of 45,000 on the Sensex by June 2020, and a bull case of 50,000.
Marketmen keenly await the quarterly GDP data. Scenarios of RBI cutting rates and helping improve credit availability are among the key hopes, says Amar Ambani.
Prabhudas Lilladher recommended accumulate rating on HDFC with a target price of Rs 2270 in its research report dated August 03, 2019.
ICICI Direct recommended hold rating on HDFC with a target price of Rs 2040 in its research report dated August 05, 2019.
Buy call maintained, Citi raises price target to Rs 2,570 per share, Jefferies to Rs 2,435 while lowering FY21/22 EPS estimates by 7-9 per cent
He said that the challenge is re-instilling confidence in lenders to support growth, since they have limited funding to select high-rated non-banking finance companies (NBFCs) amid a risk averse environment.
For loans above Rs 30 lakh and up to Rs 75 lakh, the new rates will 8.85 percent and 8.80 percent for women borrowers and for those above Rs 75 lakh, the prices will come down to 8.90 and 8.85 percent respectively, it said.
Most experts feel that investors are booking profits in the HRITHIK stocks which were already trading at expensive valuations, and trend could well continue for some more time.
The National Company Law of Tribunal (NCLT) adjourned the matter for August 8.
The top gainers from NSE include Power Grid, UPL, Infosys, Titan Company and ITC while the top losers are HDFC, Zee Entertainment, Adani Ports, HDFC Bank and Bajaj Auto.