Indraprastha Medical Corporation surged 19 percent in early trade on April 5 as India's largest private lender HDFC Bank offloaded 27.8 lakh shares in the medical player.HDFC Bank sold 3.03 percent of the total share capital of Indraprastha Medical Corporation for an all-cash consideration of Rs 55.46 crore.The average price was around Rs 199.38 for the shares that were sold from February 29 to Ap...

HDFC Bank shares extended gains on April 5, following its fourth quarter (Q4FY24) business update that showcased strong deposit growth, boosting investor confidence.This uptick in deposit performance has garnered positive attention from various international brokerages who are bullish on the private lender and see up to 34 percent upside in the stock from the last closing price.Overnight, HDFC Ban...

HDFC Bank, India's largest private sector lender, has increased its repo rate-linked home loan interest rates gradually since January this year.The rates were increased even though the Reserve Bank of India has kept the repo rate unchanged since April last year. As the name suggests, repo rate-linked home loan rates should move in tandem with changes in the repo rate.The increases (see graphic) ap...

Brokerage ICICI Securities bets big on HDFC Bank, Reliance Industries Ltd, and Bajaj Finance Ltd as it expects one out of these three to be India's first stock with a market value of $1 trillion by 2032.ICICI Securities favors HDFC Bank with a 25.5 percent hurdle rate and 20 percent historical profit growth, anticipating a valuation re-rating. RIL needs a 21 percent long-term profit growth, while ...

Recurring deposit schemes allow account holders to earn interest income on investing a fixed sum of amount every month. With the bank deposit rates going up recently, recurring deposit schemes have also become attractive, especially for those who cannot invest a big amount in a Fixed Deposit scheme in one go.As recurring deposits allow account holders to deposit very small amounts on a monthly bas...