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    HDFCBANK   INE040A01034

HDFC BANK LIMITED

(HDFCBANK)
  Report
End-of-day quote. End-of-day quote NSE India Stock Exchange - 09/24
1601.55 INR   +2.01%
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Indian shares post worst day in two months as HDFC Bank drags finance stocks

07/19/2021 | 06:55am EDT

BENGALURU, July 19 (Reuters) - Indian shares fell more than 1% on their worst day in over two months on Monday, dragged down by HDFC Bank-led banking stocks, while a surge in worldwide coronavirus cases hurt global stocks and further dented sentiment.

The blue-chip NSE Nifty 50 index closed down 1.07% at 15,752.4, while the benchmark S&P BSE Sensex ended 1.1% lower at 52,553.4 on Monday. Both the indexes had hit all-time highs in the previous session.

HDFC Bank was the top loser, ending down about 3.4% after it missed quarterly profit expectations on Saturday as bad loan provisions rose and asset quality deteriorated. The Nifty Bank index slipped 1.9%.

Shares of Adani Group companies fell between 1.1% and 4.8% on news India's securities regulator and customs authorities were investigating some group companies for non-compliance of rules.

Shares of HDFC Life were down 2.8% after the company reported a 33% fall in quarterly profit as claims soared due to the second COVID-19 wave.

Global stocks were facing their longest losing streak since the pandemic first hit global markets 18 months ago after a surge in worldwide coronavirus cases pushed down bond yields.

Global economic growth is also beginning to show signs of fatigue as many countries, particularly in Asia, struggle to curb the highly contagious Delta variant of the novel coronavirus and have been forced into some form of lockdown.

The Indian rupee dropped to its lowest level in three months on Monday, in line with other Asian currencies, as the rapid spread of the Delta variant of coronavirus threatened to derail economic recovery. (Reporting by Vishwadha Chander in Bengaluru; Editing by Shailesh Kuber and Maju Samuel)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BHARTI AIRTEL LIMITED 1.79% 739.2 End-of-day quote.45.14%
HDFC BANK LIMITED 2.01% 1601.55 End-of-day quote.11.51%
VODAFONE IDEA LIMITED 9.00% 11.5 Delayed Quote.7.98%
All news about HDFC BANK LIMITED
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More news
Analyst Recommendations on HDFC BANK LIMITED
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Financials
Sales 2022 1 022 B 13 845 M 13 845 M
Net income 2022 363 B 4 912 M 4 912 M
Net Debt 2022 - - -
P/E ratio 2022 24,3x
Yield 2022 0,73%
Capitalization 8 869 B 120 B 120 B
Capi. / Sales 2022 8,68x
Capi. / Sales 2023 7,44x
Nbr of Employees 123 473
Free-Float 78,4%
Chart HDFC BANK LIMITED
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HDFC Bank Limited Technical Analysis Chart | HDFCBANK | INE040A01034 | MarketScreener
Technical analysis trends HDFC BANK LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Mean consensus -
Number of Analysts 0
Last Close Price 1 601,55 
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Sashidhar Jagdishan Chief Executive Officer, Director & MD
Srinivasan Vaidyanathan Chief Financial Officer
Atanu Amolendu Chakraborty Non-Executive Chairman
Parag Rao Head-Payments Business, Digital & IT
Ramesh Lakshminarayanan Chief Information Officer & Group Head-IT
Sector and Competitors