Previous close | 54.96 |
Open | 54.69 |
Bid | 55.42 x 1000 |
Ask | 55.72 x 900 |
Day's range | 53.65 - 55.65 |
52-week range | 50.61 - 79.39 |
Volume | |
Avg. volume | 2,398,967 |
Market cap | 102.746B |
Beta (5Y monthly) | 0.88 |
PE ratio (TTM) | 24.78 |
EPS (TTM) | 2.24 |
Earnings date | N/A |
Forward dividend & yield | 0.61 (1.11%) |
Ex-dividend date | 11 May 2022 |
1y target est | 76.00 |
A lot has been happening in the financial sector of India with big-ticket M&As hogging the spotlight.
Today's one of those rare days when the stock of HDFC Bank (NYSE: HDB) made a big move, and rightfully so. HDFC Bank wants to merge with its parent, HDFC (which is listed in India), in an all-stock deal, after which HDFC will become a subsidiary of the bank. This is a potential merger between the largest private bank and the largest housing-finance company (HDFC) in the world's second most-populous country.
What happened HDFC Bank (NYSE: HDB) stock rocketed higher on Monday, surging 8.4% as of 10:40 a.m. ET after hitting a high of 11.8% within a minute of the market's opening. The Indian banking behemoth is making a huge growth move that could be a game changer in a competitive domestic market.