Stock update: Hdfc bank (Positional call)

About HDFC bank:

 

HDFC Bank is Private banking sector .The HDFC Bank was incorporated on August 1994 by the name of HDFC Bank Limited, with its registered office in Mumbai, India. HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995. The Housing Development Finance Corporation (HDFC) was amongst the first to receive an in principle approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, as part of the RBI's liberalization of the Indian Banking Industry in 1994. HDFC Bank closed at Rs 1033.25 up  1.03%.HDFC Bank . The 52-week high of the share was Rs 1105.00 and the 52-week low was Rs 707.50. The company's trailing 12-month EPS was at Rs 38.84 per share as per the quarter ended December 2014.

BSE Code for this stock is 500180 and NSE Code is HDFCBANK.

 

ank has issued and allotted on a private placement basis senior, unsecured, redeemable, long term, non-convertible bonds in the nature of debentures for Rs 3,000 crore," it said in a filing to BSE on Wednesday. 0 0 Google +0 0 Comments (2) HDFC Bank raises Rs 3,000 crore via bonds on pvt placement Private sector lender HDFC Bank has raised Rs 3,000 crore by issuing long term non-convertible bonds through private placement. "Bank has issued and allotted on a private placement basis senior, unsecured, redeemable, long term, non-convertible bonds in the nature of debentures for Rs 3,000 crore," it said in a filing to BSE on Wednesday. However, the bank did not provide details on the need to issue such bonds and where the proceeds will be used. The HDFC Bank scrip was trading at Rs 1,028.20, up 0.52 percent, on the BSE in the afternoon. HDFC Bank stock price On April 01, 2015, HDFC Bank closed at Rs 1033.85, up Rs 11.00, or 1.08 percent. The 52-week high of the share was Rs 1105.00 and the 52-week low was Rs 707.50. The company's trailing 12-month (TTM) EPS was at Rs 38.84 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 26.62. The latest book value of the company is Rs 173.55 per share. At current value, the price-to-book value of the company is 5.96.

Read more at: http://www.moneycontrol.com/news/business/hdfc-bank-raises-rs-3000-crore-via-bondspvt-placement_1346478.html?utm_source=ref_article

 Latest announcement:

 

Hdfc bank has issued statement last Wednesday that they allotted on a private placement basis senior, unsecured, redeemable, long term, non-convertible bonds in the nature of debentures for Rs 3,000 crore .HDFC Bank raises Rs 3,000 crore via bonds on pvt placement Private sector lender HDFC Bank has raised Rs 3,000 crore by issuing long term non-convertible bonds through private placement. However, the bank did not provide details on the need to issue such bonds and where the proceeds will be used.

I hope RBI Will announce rate cut on April 7.RBI had a lowered its policy rate by 25 basis points to 7.5 per cent on March 4, after a similar cut on January 15.Traditionally this is the most important policy – considering this is the first in the new financial year. Hence everyone expecting rate cut from RBI on April 7.It is possible that we get one more cut after that.

Expected movement for this Month:

HDFC Bank is strongest stock in banking sector. It is a share that has always performed well in Indian share market.we can buy this stock at current market level(1020-1030) and hold this stocks till expiry. As every one know HDFC bank will announce quarter result on April 23 and people are expecting good result from HDFC bank. I hope It will be touch 1072 level very soon. So my first target is 1052.Second target is 1061. And We can exit from when it reaches 1072 level.

Tips to buy:

For small investor Buy 1 lot of 1040 CALL @ 20 - 22 level 

 
Target for this Month is 35.

For big investor Buy 1 lot of future at 1030-1035. Target is 1060.

 

RBI had lowered its policy rate by 25 basis points to 7.5 per cent on March 4, after a similar cut on January 15, on the back of softening inflation and the government's commitment to continue with the fiscal consolidation programme. Both the rate cuts were announced outside RBI's regular policy review

Read more at: http://www.moneycontrol.com/news/economy/firming-food-prices-may-prompt-rbi-to-maintain-status-quo_1349099.html?utm_source=ref_article

ank has issued and allotted on a private placement basis senior, unsecured, redeemable, long term, non-convertible bonds in the nature of debentures for Rs 3,000 crore," it said in a filing to BSE on Wednesday. 0 0 Google +0 0 Comments (2) HDFC Bank raises Rs 3,000 crore via bonds on pvt placement Private sector lender HDFC Bank has raised Rs 3,000 crore by issuing long term non-convertible bonds through private placement. "Bank has issued and allotted on a private placement basis senior, unsecured, redeemable, long term, non-convertible bonds in the nature of debentures for Rs 3,000 crore," it said in a filing to BSE on Wednesday. However, the bank did not provide details on the need to issue such bonds and where the proceeds will be used. The HDFC Bank scrip was trading at Rs 1,028.20, up 0.52 percent, on the BSE in the afternoon. HDFC Bank stock price On April 01, 2015, HDFC Bank closed at Rs 1033.85, up Rs 11.00, or 1.08 percent. The 52-week high of the share was Rs 1105.00 and the 52-week low was Rs 707.50. The company's trailing 12-month (TTM) EPS was at Rs 38.84 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 26.62. The latest book value of the company is Rs 173.55 per share. At current value, the price-to-book value of the company is 5.96.

Read more at: http://www.moneycontrol.com/news/business/hdfc-bank-raises-rs-3000-crore-via-bondspvt-placement_1346478.html?utm_source=ref_article