HDFC Bank Limited is a private banking company. HDFC Bank share price fluctuation affects Nifty because it carries good weight among Nifty 50 stocks.
HDFC Bank Share Price Graph
Incorporated in 1994, HDFC Bank Limited was one of the first few private banks which started operations in India after the Government of India came up with the policy to allow private banks to start banking business in India. It was first such step taken by the Government of India after the nationalization of private banks took place after independence.
The bank has been running efficiently since then and became one of the leading private banks in India. Now, in India, it is arguably the top private bank. Today, the bank’s management views the banking business to provide solidity and reliability to support its consumers and thrives due to excellence in banking service. The bank operates both in retail banking services and corporate banking services and has achieved a mark of excellence in both the sectors. Today in order to remain in top it has adopted best industry practices that are at par with best of international standards.
Headquartered in Mumbai, the HDFC Bank has 1416 branches spread across 550 cities and towns. All branches are linked through the internet on a real-time basis. HDFC Bank also provides phone banking service to 500 locations. The bank has a network of 3382 ATMs across the country.
The shares of HDFC Bank are listed on NSE and BSE. HDFC Bank’s ADS (American Depository Shares) are listed on NYSE (the New York Stock Exchange) under the symbol ‘HDB’ and HDFC Bank’s GDR (Global Depository Receipts) are listed on LSE (the Luxembourg Stock Exchange).
Till date, the company has received numerous national and international awards for excellence in the banking sector.
HDFC bank offers following services to its customers:
- Retail/ Personal Banking
- Corporate Banking
- NRI Banking
- Priority Banking
- VBV/ MSC – Online transactions using Debit Card
- VBV – Online transactions using Credit Card
HDFC Bank share price is Rs 1685 (as on 20.06.17, 11.11 hrs.) in BSE. As per latest HDFC Bank share price, the standalone basis P/E is 29.86 versus average industry PE of 27.31, EPS is Rs 56.64. Market cap is Rs 4,34,477 crores. The face value of a share is Rs 2. Net NPA to Net Advance percentage stands at 0.28% (as per data of fiscal,’16).
The closing share price of HDFC bank on 31 October 2018 is Rs 1911.75 in NSE. The earning per share or EPS is Rs 70.11 calculated over the past 12 months performance. The price over earning ratio or P/E is 27.47. Industry P/E is 31.34 (consolidated). The book value per share or BV is Rs Rs 423.71. The price over book value or P/BV is 4.53. The dividend yield is 0.68%. The 52 weeks high price is Rs 2220.00 and 52 weeks low price is Rs 1788.00.
HDFC Bank is a leading private bank in India. The present market cap is Rs 519,596.79 crores. It is a large-cap private bank.
HDFC Bank limited earns its revenue largely from banking, sales of financial products and services. Recent audited data for the financial year ending on 31 March 2018, shows HDFC Bank has earned Rs 62661.79 crores from accrued interest and discount on advances and bills which amounts to 78.09% of total sales value. In addition, income from Investment is Rs 16222.37 crores contributing to 20.21% of total sales. In addition, interest accrued from balances with RBI and other inter-bank funds is Rs 523.88 crores which amount to 0.65% of total sales and interests accrued from other sources is Rs 833.31 crores (1.03% of total sales value).
After the end of the second quarter of 2018 fiscal which ended on 30 June 2018, HDFC bank reported standalone interest income of Rs 18827.68 crores, which increased by 8.26% from the previous quarter interest income of Rs 17390.73 crores and increased by 22.61% from the same quarter of the previous fiscal which was Rs 15355.76 crores. HDFC Bank reported a net profit after tax of Rs 5005.73 crores in this quarter.
The shareholding pattern of HDFC Bank currently has different shareholders in the manner mentioned below.
- The promoter and promoter group of companies together hold 582,312,917 nos of shares which is equivalent to 21.43% of the total nos of shares.
- The foreign institutions or FIIs hold 858,803,049 nos of shares amounting to 31.61% of total shares.
- 525,488,147 nos of shares which are equivalent to 19.34% of total shares are subscribed to the GDR.
- The non-banking financial institutions or NBFCs and mutual funds together hold 267,622,923 nos of shares or 9.85% of total nos of shares.
- Financial institutions hold 65,128,320 nos of shares amounting to 2.40% of total shares.
- General public holds 245,261,765 nos of shares which is equivalent to 9.03% of total shares.
- Others hold 168,926,493 nos or shares or 6.22% of total shares.
- In addition, the Central Government holds a total number of 3,632,573 nos shares which are equivalent to 0.13% of total nos of shares.
Shares held by different mutual fund companies (portfolio as on 30 September 2018)
- SBI mutual fund in the scheme ETF Nifty 50-D which is a large-cap fund holds 19614016 nos of shares equivalent to Rs 3934.67 crores.
- Aditya Birla mutual fund in the scheme SL frontline Equity Direct-G which is a large-cap fund holds a total of 9345925 nos of shares equivalent to Rs 1874.84 crores.
- SBI mutual fund in the scheme Bluechip Direct-G which is a large-cap fund holds 8290689 nos of shares equivalent to Rs 1663.15 crores.
- Kotak mutual fund in the scheme Banking ETF Reg-D which is a Thematic Fund focussed on Sectoral Banking fund holds 9216876 nos of shares equivalent to Rs 1848.95 crores.
- DSP mutual fund in the scheme Equity& Bond Direct-Growth which is an Aggressive Hybrid fund holds 1775073 nos of shares amounting to Rs 356.09 crores.
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