HDFC bank has traded at the support area of the 680. We have seen on the charts that stock is in a strong uptrend and hence our focus is to look for trades on the buy side. Hence, if the stock rallies towards the support we will be looking to buy into the stock. Banking sector has been under-performing nifty future, but on the charts we came to know that the selling was due to the technical ... [Continue Reading]
Is HDFC Bank Ready for Bull Run? What Financial Experts says Buy or Short Sell
HDFC Bank is second largest private sector bank in India, with the strong growth this bank has grown to huge banker in the last 15 years. This is also one of the most bullish stock in dalal street, just looking at chart one can conclude how much bullish it is, from Rs.50 in 1996 to Rs.2540 in 2010, along with lots of bonus shares and stock split, this is very valuable company to invest in. Having ... [Continue Reading]
HDFC Bank Q1 for FY12 Reports Net Profit of Rs.1085 crore
India’s second largest private sector bank HDFC Bank, reported its first quarter result for 2011 (April-June), its net profit rose by more than 33% to Rs.1,085 crore as compared to the same period last year. This result was better than expected, so the market participants has become positive on the growth of this private sector bank. However, the CASA (Current Account Savings Account) ratio ... [Continue Reading]
HDFC Bank Reports Excellent Q4 Results on Strong Loan Growth
HDFC Bank declared better than expected fourth quarter (January-March) results with net profit of Rs.1,114.7 crore, up about 33.2% year-on-year, supported by a strong loan-book growth and higher fee-based income. Bank's quarterly net interest income was up 20.8% from a year ago to Rs.2,839.5 crore. However, HDFC Bank’s other income during the three-month period rose 32.1% year-on-year (YoY) to ... [Continue Reading]