Shares of HDFC twins – HDFC Bank and Housing Development Finance Corporation (HDFC) - were trading higher for the second straight day, gaining over 3.4 per cent in the past two trading days.
At 10:59 AM, HDFC Bank was up 1.5 per cent at Rs 1,632, while HDFC was up 1.3 per cent at Rs 2,674 on the BSE. In comparison, the S&P BSE Sensex traded 0.42 per cent higher at 60,908.
In the past three months, HDFC Bank (up 13 per cent) and HDFC (up 15 per cent) have outshone the markets as the benchmark index recorded 3 per cent gain during the period.
During HDFC Bank's earnings call , the management said the final hearing of NCLT, regarding the merger with HDFC, would take place on January 27, 2023, post which regulatory process will remain to be undertaken.
India's largest private lender HDFC Bank, on January 14, reported an 18.5 per cent year-on-year (YoY) increase in net profit to Rs 12,259 crore in the third quart
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.
Subscribe To Insights
Key stories on business-standard.com are available to premium subscribers only.Already a BS Premium subscriber? Log in NOW
What you get on Business Standard Premium?
- Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
- Pick your 5 favourite companies, get a daily email with all news updates on them.
- Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
- Preferential invites to Business Standard events.
- Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
CCI gives conditional nod to Zee-Sony merger, formal order awaited
HDFC Bank files petition for NCLT approval to the proposed merger
Zee-Sony merger gets BSE, NSE nod after agreement signed last December
What challenges could emerge from the Air India-Vistara merger?
HDFC-HDFC Bank merger could set off Rs 48k-cr Nifty50 churn: Brokerage
Adani Enterprises underperforms in run-up to FPO; slips 14% in last 1 month
ICICI Lombard slips 6% on disappointing Q3 results
MARKET LIVE: Sensex zooms 400 pts; Tata Steel rallies 3%, HDFC Bank 2%
Stocks to Watch: ITC, IndusInd Bk, Adani Transmission, Tata Metaliks, RVNL
ICICI Prudential Life Insurance net profit drops 29% YoY in Dec quarter