Latest news with #HDFCBank
Business Standard
an hour ago
- Business
- Business Standard
HDFC Bank gains as board to consider special dividend and first-ever bonus issue
HDFC Bank rose 0.75% to Rs 2,010.30 after the lender announced that its board will meet on Saturday, 19 July 2025, to consider a special interim dividend and a bonus share issue. If approved, this would mark the banks first-ever bonus issue. The board will also review the unaudited financial results for the June quarter during the same meeting. HDFC Bank is India's largest private sector lender. As of 31 March 2025, the banks distribution network was at 9,455 branches and 21,139 ATMs across 4,150 cities/towns, as against 8,738 branches and 20,938 ATMs across 4,065 cities/towns as of 31 March 2024. The bank reported a 6.68% rise in standalone net profit to Rs 17,616.14 crore in Q4 FY25, while total income remained largely flat at Rs 89,487.99 crore compared to Q4 FY24.
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Business Standard
2 hours ago
- Business
- Business Standard
Stock Market LIVE: Nifty, Sensex off lows; HDFC Bank, Infy gain; Bulls ahead in breadth; SMIDs waver
Sensex Today | Stock Market LIVE on Wednesday, July 16, 2025: In the broader markets, the Nifty MidCap index was up 0.16 per cent, while the Nifty SmallCap index was flat 11:07 AM Stock Market LIVE Updates: 11 AM Update- Sensex down 170 pts; Nifty below 25,150 Stock Market LIVE Updates: BSE Sensex, around 11 AM, was lower by 170 points or 0.20 per cent at 82,404 and NSE Nifty50 was at 25,141.7, down 54.1 per cent or 0.21 per cent. Selling was seen in metal, pharma, auto, and private bank counters. 10:45 AM Stock Market LIVE Updates: Bernstein expects markets to consolidate; sees Nifty at 26,500 by 2025-end Stock Market LIVE Updates: After a sharp run from April lows that saw the Nifty 50 index rise nearly 13 per cent till date, analysts at Bernstein expect the markets to undergo a consolidation phase amid mixed macro-economic signals. They maintain a calendar year-end target of 26,500 for the Nifty 50, which is a modest 5.1 per cent higher from the current levels. READ MORE 10:18 AM Stock Market LIVE Updates: HDFC Bank stock up 1% as board to mull bonus, special dividend on July 19 Stock Market LIVE Updates: HDFC Bank shares gained 1.3 per cent at ₹2,021.90 on the BSE in Wednesday's intra-day trade after the bank said it shall consider its maiden bonus issue on Saturday, July 19, 2025. The board will also consider a special dividend on equity shares for the financial year 2025-26 (FY26). The stock price of the private sector lender was trading close to its record high of ₹2,027.90 touched on June 26, 2025. In the past six months, HDFC Bank has outperformed the market by surging 22 per cent, as compared to 7 per cent rise in the BSE Sensex. READ MORE Connect with us on WhatsApp
Business Recorder
2 hours ago
- Automotive
- Business Recorder
Indian benchmarks inch lower dragged by auto stocks; HDFC Bank caps losses
India's benchmark shares inched lower on Wednesday, dragged by auto stocks after Tesla's entry into the local market, while gains in heavyweight HDFC Bank capped some losses amid subdued market sentiment across Asia due to a pick-up in U.S. inflation. The Nifty 50 was down 0.21% at 25,140.6 points, while the BSE Sensex lost 0.18% to 82,424.96, as of 10:18 a.m. IST. Nine of the 13 major sectors declined. The auto index fell 0.8%, with Mahindra & Mahindra and Tata Motors both losing 1%. Citi Research analysts said Tesla's Model Y was unlikely to disrupt the Indian market immediately, but warned that reduced import duties or local manufacturing could escalate the competitive threat. The metal index fell 0.8% on a stronger dollar, which makes commodities costlier for holders of other currencies. The broader small-caps and mid-caps traded flat. India's HCLTech slides on lower annual operating margin forecast HDFC Bank, the heaviest stock in both Nifty and Sensex, gained 0.8% after the top private lender said it will consider issuing bonus shares at a board meeting on July 19. Other Asian markets inched lower, with the MSCI Asia ex Japan index dropping 0.1% while U.S. Treasury yields and the dollar rose as investors digested a slight rise in U.S. inflation. Higher U.S. Treasury yields are negative for inflows into emerging markets such as India. The uptick in inflation, partly fueled by President Donald Trump's tariffs, has poured cold water on U.S. rate cut hopes and could pressure equity valuations, said Devarsh Vakil, head of prime research at HDFC Securities. The market's direction will hinge on developments around the U.S.-India trade deal and cues from the ongoing earnings season, said two analysts Among individual stocks, HDB Financial lost 2.6% after posting a profit drop in the June quarter, hurt by higher provisions for bad loans. Dixon Technologies gained 2.5% after CLSA reiterated its 'high conviction outperform' rating, citing benefits from the firm's push for deeper smartphone component integration.
News18
2 hours ago
- Business
- News18
HDFC Bank Sets July 19 Board Meet To Consider Q1 Results, Bonus, Special Dividend
Last Updated: HDFC Bank's board will meet on July 19, 2025, to consider the first quarter results for FY26, a special interim dividend, and the issue of bonus shares. HDFC Bank Dividend and Bonus Issue 2025: The largest private lender HDFC Bank Limited informed on Wednesday that the board meeting is scheduled to be held on Sunday, July 19, 2025, to consider the first quarter results for FY26, special interim dividend for FY26 and issue of bonus share. 'we had informed that a meeting of the Board of Directors of HDFC Bank Limited ('the Bank") is scheduled to be held on Saturday, July 19, 2025 to inter-alia consider and approve the unaudited standalone and consolidated financial results of the Bank for the quarter ended June 30, 2025," HDFC Bank said in the filing. Shares of HDFC Bank are up 0.63 per cent intraday on Wednesday to trade at Rs 2,007 at 10:40 am. The scrip opened at Rs 2018 apiece, against the previous day close at Rs 1,995 apiece. In the filing, the bank said that the board will consider the declaration of a special interim dividend on the equity shares of the Bank, for the financial year 2025-26, and the issue of bonus shares. Both of them are subject to approval of shareholders of the Bank. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
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Business Standard
2 hours ago
- Business
- Business Standard
HDFC Bank board to consider bonus issue, special dividend on July 19
HDFC Bank on Wednesday said its board in its meeting on July 19 will decide on issuing bonus shares and special interim dividend. Shares of HDFC Bank gained 1.33 per cent to touch a high of ₹2,021.90 in the early morning trade after the company's announcement on BSE. Earlier on June 23, the bank had announced that its board will meet on July 19, Saturday, to consider and approve the financial results for the April-June quarter of the current fiscal. In a regulatory filing on Wednesday, HDFC Bank said its board would also consider the proposals of declaration of a special interim dividend on the equity shares of the bank, for the financial year 2025-26; and issue of bonus shares, subject to approval of shareholders of the bank. HDFC Bank Managing Director & CEO Sashidhar Jagdishan, in a message to shareholders in the annual report for FY25 had earlier this week said that the bank is confident of growing its advances on par with the industry in the current financial year and will exceed it next year. The bank's net profit increased by 10.7 per cent to Rs 67,347.4 crore as of March 2025, and the balance sheet rose by over 8 per cent to over Rs 39.10 lakh crore.
