HDFC Bank Falls On Q1 Profit Miss

Gold Silver Reports (GSR) – HDFC Bank Ltd shares fell 1.5% to Rs 2,157 after the bank reported lower-than-expected June quarter earnings. The bank reported an 18.2% increase in its net profit at ₹4,601.44 crore for the quarter ended June. The private sector lender had registered a net profit of …

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Sensex, Nifty Edge Higher; HDFC Bank Falls On Q1 Profit Miss

Gold Silver Reports (GSR) – The S&P BSE Sensex rose 0.2 percent or 76 points to 36,570 and the NSE Nifty 50 index advanced 0.2 percent or 28 points to 11,038.        

Indian equity benchmarks edged higher, but gains were capped as the country’s largest private sector lender – HDFC Bank fell after it missed profit estimates in June quarter.        

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Stocks Market To Watch: ACC, HDFC Bank, Hindustan Zinc, UPL, Wipro, Just Dial

✅ UPL Ltd. to acquire Arysta Lifescience in an all cash deal worth $4.2 billion.  

✅ Wipro guided for IT services revenues to be in range of $2,009 million to $2,049 million in the second quarter. The company will acquire U.S.-based Alight Solutions’ India operations for $117 million.   

✅ Just Dial approved buyback of 27.5 lakh shares, or 24.26 percent equity, at Rs 800 each. The buyback amount to not exceed Rs 220 crore.      

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Sensex Reclaims 36,000 Led By Reliance, HDFC Bank

Gold Silver Reports (GSR) – Mid- and small-cap shares were in line with their larger peers as the Nifty Midcap 100 Index rose 0.55 percent and the Nifty Smallcap 100 index climbed 0.9 percent. 

Sensex Reclaims 36,000 Led By Reliance, HDFC Bank – Indian equity benchmarks moved higher led by Reliance Industries, HDFC Bank, Infosys and ICICI Bank.        

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HDFC Bank Share Price Slip Ahead Of Shareholders’ Meeting

Gold Silver Reports (GSR) – HDFC Bank Share Price Slip Ahead Of Shareholders’ Meeting – Shares of the country’s largest private sector lender fell as much as 0.8 percent to Rs 2,114 ahead of its annual shareholders’ meeting scheduled later in the day.         

Meanwhile, the HDFC Bank had 11.6 lakh shares changed hands in a single bock deal on BSE. 

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HDFC Bank Share Price Slides As Share Limit Increases

Gold Silver Reports (GSR) – HDFC Bank Share Price Slides As Share Limit Increases — Shares of the country’s largest private lender fell as much as 2.5 percent, the most since April 23, to Rs 2,058. Global funds can increase their stake in the Mumbai-based bank by 1.68 percent or 4.3 crore shares, according to NSDL data. At present, they hold 72.3 percent of HDFC Bank, right under the cap of 74 percent for lenders.          

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