HDFC Bank Share Price Tumbles 2 pc; Time to BUY Ahead of Q4 2024 Result, Dividend Announcement?
HDFC Bank Dividend 2024, HDFC Bank Q4 Results 2024 Date and Time, HDFC Bank Share Price Target 2024, HDFC Bank Dividend History: HDFC Bank share price declined in Monday’s trading session to hit an intraday low of Rs 1,492.05 apiece on the National Stock Exchange (NSE), down by 1.77 per cent from its previous close of Rs 1518.95 per share. The counter has been losing for the last three days and has fallen 3.48 per cent returns in the period. The counter is moving than 20 day and 50 day moving averages but lower than 5 day, 100 day and 200 day moving averages.
HDFC Bank Dividend 2024 News
India’s largest private sector lender in terms of market valuation is likely to reward the shareholders with dividend on the equity shares of the Bank for the financial year ended March 31, 2024. The dividend amount will be declared on the day of announcement of quarterly earnings.
HDFC Bank Share Price Target 2024
Domestic broking firm Sharekhan has a ‘BUY’ call on the HDFC Bank. The analysts at the brokerage recommended a share price target of Rs 1,900 per stock.
The brokerage in its report, said “We believe loan growth is expected to be in low mid-teens in the near term and deposit growth should outpace loan growth by atleast 300-400 bps, which should help the CD ratio to normalise gradually. We retain a Buy rating on the stock with an unchanged price target (PT) of Rs. 1,900, as valuations are reasonable and have priced in all the barring factors that could weigh down earnings trajectory of the merged entity. We remain constructive on the stock from medium to long-term perspective. Key monitorable remains NIM progression and retail deposit mobilisation.”
HDFC Bank Q4 Results Date and Time
The meeting of the Board of Directors of HDFC Bank will be held on Saturday, April 20, 2024 to announce both – quarterly results and dividend. HDFC Bank Q4 Results will be announced post the stock market hours.
HDFC Bank Share Price NSE BSE Today Latest News
The counter settled in red at Rs 1,493 a share on the NSE, down by 1.71 per cent. On the BSE, it settled at Rs 1,494.95 apiece, ending red by 1.58 per cent.
A total of 5.33 lakh shares changed hands today of HDFC Bank which is a constituent of S&P BSE SENSEX index generating a total turnover of Rs 79.81 crore. The large cap company has a market cap of Rs 11,35,700.16 crore, as per BSE website. The shares of the company have a PE of 17.44x. In volume terms, over 117.08 lakh shares of the company were traded on the NSE during the day.
HDFC Bank Share Price History
In the last 30 days, the counter has moved north of 3.37 per cent.
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