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HDFC Bank Share Price

NSE Symbol: HDFCBANK | BSE Code: 500180

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HDFC Bank Share Price Performance

Trends of HDFC Stocks in 2018:

  • On 01 January 2018, the HDFC Bank stock price began at Rs.1872.70. Quickly the costs declined on 9th, 10th, and 11th of the month as the Nifty Bank Index fell.

  • There was a slight inclination on 16 January 2018 in a share price of HDFC Bank. On this day, the first stock rate of HDFC Bank share price was at Rs.1903.45.

  • The stock price of HDFC Bank picked up on NSE and BSE on 18 January 2018. The stocks were also listed as one of the most potent commodities regarding value.

  • On the last day of the month, 31 January 2018, The HDFC Bank stock price hit the highest for the month. On this day, stock prices opened at Rs.1989.40 and closed Rs.2005.70.

  • On 1st February 2018, the price stood at Rs.2006.00. For the next few days, the stock prices saw a downfall. A lot of factors kept the stock prices low for the next few days and many leading financial institutions including HDFC Bank was accused of contributing to the fall in the costs of stock in the market.

  • All the above factors led to the dropdown of the HDFC Bank stock price on 9 February 2018, when HDFC Bank stock price decreased and started at Rs.1847.90 and ended at Rs.1849.50.

  • From 23 February 2018, an upward curve was reported for the HDFC Bank stock price. Though a fall quickly followed the rise, and on the last day of the month, the stock price of HDFC bank began at Rs.1889.55 and closed at Rs.1884.20.

HDFC Stocks Trends in 2016 and 2017:

At the beginning of January 2016, the HDFC Limited share price was at Rs.1,250. Over the next few days, the scrip came down considerably, and by mid-February, the HDFC stocks traded at Rs.1,080-1,090 on the NSE and BSE indices. Gradually the price recovered in March and the closing price at the end of the month was Rs.1,105 on NSE. The HDFC had declared an interim dividend of 150% in the month of March.

In April, the HDFC share price plummeted slightly, but the real rise began in the duration from the late April-early May. The strong performance of the fourth quarter, stake sale plan, and the plan to raise funds via debentures helped the stock price to cross the Rs.1,200 level in the final week of May. Through the June month, the shares changed hands at well above Rs.1,200 mark.

In July, the scrip reached above Rs.1,300, due to issuing of Rupee Denominated Bond by the lender. The robust performance in the June quarter also helped the stocks to make considerable gains in this mandate. The HDFC share price remained above this level in August and in September, it crossed Rs.1,400 mark, although it was only for a short duration.

For most of the October, the HDFC share price remained in the Rs.1,300 territory. In November, post demonetization, the HDFC stocks went down to be traded at Rs.1,220-1,250. The closing share price at the year-end was Rs.1,262 on NSE.

The HDFC share price at the beginning of 2017 was at Rs.1,220 on NSE and BSE. By the month end, the scrip managed to go above Rs.1,300 mark. Through most of the February and March, the HDFC stock price remained steadily at above Rs.1,300. An interim dividend of 150% was declared in the early March month which helped the stock price to move past Rs.1,400. Furthermore, the HDFC bank raised additional funds through Rupee Denominated Bonds which led the stock price to go beyond Rs.1,500.

The HDFC share price dropped slightly at the beginning of April but recovered by the month end. The stocks were traded at above Rs.1,500 mark in May and in June and soared beyond Rs.1,600 driven by the updates and the performance reports.

Things did not change significantly for shares in July. The investors enjoyed the bullish trend, which was accelerated after the announcement of a final interim dividend of 750%. At the July end, the HDFC Limited stock price crossed Rs.1,700 mark due to HDFC Life IPO. Through August and September, the stocks were being traded at values well above Rs.1,700 level.

In early September, the shares traded at around Rs.1,760-1,770. The upward trend continued till mid-November when prices went down again, albeit only for a short duration. The closing share price at the year-end was Rs.1,710 on NSE and BSE.

Listing of HDFC Bank Stocks in NSE, BSE, and Other Indices:

The HDFC Bank stocks are traded on the BSE and NSE during trading hours. For the trading purpose, the company can be recognized through the following trading codes for various stock exchanges:

BSE: 500010

NSE: HDFC

ISIN: INE001AD1036

Sector: Finance-Housing

HDFC stocks can be bought and sold on multiple indices, a few of which are listed below:

  • S&P BSE 100

  • Nifty 50

  • Nifty Bank

  • MCX-SX Bank Index

  • S&P BSE Bankex

Why Invest in HDFC Bank Stocks?

HDFC Bank is one of the most prestigious banks in India. From time and again, the bank has provided excellent services and had been on track record.

The HDFC Bank has been awarded several accolades as a token of appreciation for their dedication, and excellence. On Asia’s Best Companies 2016, the bank has won the 'Best Domestic Bank Award' in Asiamoney India Banking Award 2017 and Best at Investor Relations Award- Rank 1 in Finance Asia Poll.  The bank has won India’s Most Valuable Brand Award in Brandz Top 50 Most Valuable Indian Brands 2016 for three consecutive years.

The bank has reported a net gain of Rs.14,550 crore in the financial year 2016-2017. From time to time, the bank has filed an advantage making it a safe investment for its investors. The HDFC Bank appointed a new private Banking head in February 2018, Mr.Rakesh Singh who will take care of Investment Banking. The change in leadership is expected to bring many positive changes and aims at profit maximization.

Though the future looks promising for HDFC Bank, one should research thoroughly before investing.  Choose an investment option that suits your requirements.

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Information And History About HDFC:

The HDFC Bank Limited is based in Mumbai. As of 31st March 2018, the bank has 88,253 permanent employees in India, and overseas, it has offices in Bahrain, Hong Kong, and Dubai.  By assets, HDFC Bank is India’s largest private sector lender. As of February 2016, by market capitalization, it is the largest bank in India and ranked 69th in 2016 BrandZ Top 100 Most Valuable Global Brands. In 1994, HDFC Bank was established with its registered office in Mumbai, India. The then Union Finance Minister, Manmohan Singh inaugurated its first corporate office and a full-service branch at Sandoz House, Worli. The bank had 4,715 branches and 12,260 ATMs across India, as of June 30, 2017. In FY 2017, the bank also installed 4.30 lakhs POS terminals and issued 235.7 lakhs debit cards and 85.4 Lacs credit cards. The HDFC Bank offers many products and services including wholesale banking,  treasury, auto loans, two wheeler loans, personal loans, retail banking, loans against property and credit cards. Along with this various digital products are also introduced by HDFC such as Payzapp and Chillr. The HDFC Bank merged with Times Bank in February 2000.  In the new-generation private sector banks category, it was the first merger of two private banks.  HDFC Bank acquired Centurion Bank in 2008 approved by the HDFC Bank Board for 95.1 billion INR as one of the most significant mergers in the financial sector in India. The online banking can be easily accessed through HDFC Net Banking portal.

Management of HDFC Bank:

Aditya Puri- MD

Mr. Aditya Puri has attained a bachelor’s degree in Commerce from Punjab University, and he is also an associate member of the ICAI. Since 1994, He has been the MD of HDFC Bank. He has 35 years of banking experience both in India and overseas. He had been the CEO of Citibank, Malaysia from 1992 to 1994 before joining HDFC Bank.

Paresh Sukthankar- Deputy Managing Director of HDFC Bank

He was serving as an Executive Director in HDFC Bank before being appointed as the Deputy MD.  He was selected as the Deputy Managing Director in December 2013, when HDFC Bank took permission of the Reserve Bank of India for offering him this position. It is noteworthy that Paresh Sukthankar was a part of HDFC Bank since its incorporation in 1994. Currently, in Credit and Risk Management, Finance and HR functions and for various strategic initiatives of the Bank, he has supervisory responsibilities in the bank. He was with Citibank for nine years before joining the HDFC Bank. He holds a Masters degree from Jamnalal Bajaj Institute, Mumbai and the Advanced Management Program from the Harvard Business School, US.

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Indexes and Exchages

Bombay Stock Exchange (BSE)

The Bombay Stock Exchange, popularly called BSE, is Asia's first and oldest stock exchange. Located at Dalal Street in Mumbai, the BSE was formally established in 1875 by an influential stockbroker and businessman called Premchand Roychand. In the initial days, the BSE had its meetings under several Banyan trees in Mumbai before finding a permanent place, which is very appropriately named Dalal Street or Broker Street. After functioning as a floor trading exchange for more than a century, BSE ascended the digital ladder in 1995 by implementing a new screen-based automated trading platform with a capacity of 8 million orders in a day. In 2012, the BSE went global by becoming a Partner Exchange of the United Nations Sustainable Stock Exchange. Subsequently, BSE established India's first international exchange, called INX, in 2016.

National Stock Exchange (NSE)

NSE was set up in 1992 by a group of leading Indian financial institutions, following the Indian Government's directives. It aimed to bring transparency to the Indian capital market. It was India's first demutualized electronic exchange which operated on a completely automated screen-based electronic trading system, offering an easy trading facility to all Indian investors. NSE began its operations in the Wholesale Debt Market segment in 1994. NSE was the first company in India to offer a digital platform that connected the investor base of the entire country. NSE offers services in various segments, such as trading, equity derivatives, clearing and settlement services in equity, debt and currency derivatives, etc.

NIFTY Index

The NIFTY is NSE's flagship index that tracks the behavior of a portfolio of blue-chip companies that have the largest and most liquid Indian securities. It is owned as well as managed by IISL (India Index Services and Products Ltd), which is India's first specialized company to focus on an index as a core product. Nifty indexes 50 of the 1600 companies on the National Stock Exchange (NSE) and is thus popularly referred to as 'Nifty 50'. It captures approximately 65% of its float-adjusted market capitalization and is a true reflection of the Indian stock market. The Nifty 50 includes the major sectors of the Indian economy. It offers the exposure to the Indian market in one efficient portfolio. The Nifty index has been trading since April 1996. It is ideally suited for index funds, benchmarking and index-based derivatives.

SENSEX Index

Sensex is BSE's stock market index. It consists of 30 well-established and financially flourishing companies listed on BSE. It was established in 1986. These 30 component companies are known for being the largest and most actively traded stocks. They represent various industrial sectors of the Indian economy. Sensex is also known as BSE 30 and S&P BSE SENSEX. The word 'Sensex' is a portmanteau of the words 'Sensitive' and 'Index.' SENSEX is widely reported in domestic and international markets through print and electronic media. The indexing system is scientifically designed, based on globally accepted construction and review methodology. Since September 2003, S&P BSE Sensex is being determined on a free-float market capitalization methodology.

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