HDFC Bank (HDBK.NS) shares gained 2.02% in Monday’s trade, reflecting renewed investor confidence in India’s largest private sector lender. The stock climbed amid strong volumes and positive sectoral sentiment, supported by robust fundamentals, stable earnings, and expectations of continued growth in retail and corporate banking. Analysts remain optimistic about long-term performance.
HDFC Bank, India’s largest private sector lender, saw its shares rise 2.02% on the National Stock Exchange (NSE), closing higher at ₹903.90. The uptick comes amid strong trading volumes exceeding 50 million shares, signaling investor optimism despite recent market volatility.
The bank’s fundamentals remain solid, with a price-to-earnings ratio of 18.66 and a dividend yield of 2.43%. Analysts highlight HDFC Bank’s consistent earnings growth, diversified loan portfolio, and strong capital adequacy as key drivers of investor confidence. The rally also reflects broader strength in the banking sector, which has shown resilience against global uncertainties.
Key Highlights
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Share Performance: HDBK.NS up 2.02% on NSE.
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Closing Price: ₹903.90, with intraday highs of ₹928.20.
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Trading Volume: Over 50 million shares exchanged.
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Fundamentals: PE ratio 18.66, dividend yield 2.43%.
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Sector Outlook: Banking sector shows resilience amid global volatility.
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Investor Sentiment: Optimism driven by strong earnings and retail growth.
Sources: Economic Times, Upstox, Business Standard