NSE: HDFCBANK
₹1,711.25
1.04 (0.06%) Today
RBI holds repo rate steady amid inflation concerns
The Reserve Bank of India's Monetary Policy Committee (MPC) decided to keep the repo rate unchanged at 6.5%, citing persistent inflationary pressures. Banking stocks reacted negatively to the news.
HDFC Bank posts strong quarterly results
HDFC Bank reported a 20% year-on-year growth in net profit for the quarter, beating analyst expectations. Asset quality remained stable.
HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai. It is India's largest private sector bank by assets and by market capitalisation as of April 2021.
Current Signal
Strong BUY
Reasoning
Positive news sentiment regarding retail expansion and high trading volume indicate bullish momentum.
| Entry Price | ~ ₹2950 |
| Target Price | ₹2985 |
Key Influencing News
RBI holds repo rate steady amid inflation concerns
Business Standard • 2d ago
| Market Cap | ₹12.5T |
| P/E Ratio | 19.8 |
| 52-Week High | ₹1800.00 |
| 52-Week Low | ₹1400.00 |
| Volume | 15.1M |