HDFC Bank Stock Price: Latest News and Updates
HDFC Bank Stock Price Today
As of the market close on July 3, 2024, HDFC Bank's stock price on the National Stock Exchange (NSE) was Rs. 1,768.65, and on the Bombay Stock Exchange (BSE), it was Rs. 1,770.10. HDFC Bank's stock has been performing well in recent months, with a year-to-date gain of over 15%.
Historical Performance
HDFC Bank has a strong track record of financial performance. In the most recent financial year, the bank reported a net profit of Rs. 36,000 crore, a 20% increase over the previous year. The bank's assets under management (AUM) also grew by 18% to Rs. 20 lakh crore.
Factors Affecting Stock Price
Several factors can affect HDFC Bank's stock price, including interest rates, economic conditions, and the bank's financial performance. Interest rates are a particularly important factor, as HDFC Bank is a large lender. When interest rates rise, the bank can earn more interest on its loans, which can boost its profits. However, when interest rates fall, the bank's profits can decline.
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