HDFC Bank Market Capitalization Exceeds Rs 14 Lakh Crore as Stock Achieves Record High
HDFC Bank’s market capitalization has reached an all-time high, crossing the Rs 14 lakh crore mark during intra-day trading. The stock price of India’s largest private sector lender surged to a record high on the Bombay Stock Exchange, rising by as much as 1.13% to Rs 1,832.70 per share. Over the past year, the stock has seen a substantial increase of 19.68%.
The positive momentum surrounding HDFC Bank comes as the MSCI November rebalancing took effect earlier this week. This rebalancing is expected to bring in net inflows of $2.5 billion from foreign institutional investors as part of the MSCI indices’ quarterly adjustments. In particular, HDFC Bank was in focus due to an anticipated increase in its weightage, which was projected to result in approximately $1.88 billion of passive inflows.
Since reporting strong Q2 results for FY25, HDFC Bank has experienced a 9% surge since October 20. The bank aims to recalibrate its loan growth strategy, aiming to bring back the credit-deposit ratio to the pre-merger level of 86-87% within the next two to three years.
On another note, HDB Financial Services, the non-banking finance arm of HDFC Bank, has filed a draft red herring prospectus with SEBI for an initial public offering (IPO) of Rs 12,500 crore. Of this amount, HDFC Bank plans to sell shares worth Rs 10,000 crore through an offer for sale, with the remaining Rs 2,500 crore to be raised through a fresh issue. RBI guidelines stipulate that HDB Financial Services must be listed by September 2025, with HDFC Bank currently holding a 94.36% stake in the company.
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