Share price of HDFC Bank will continue to be in focus after the merger with HDFC

HDFC Bank shares closed 1.51% higher at  ₹1,701.75 apiece on BSE on Friday.  (REUTERS)

HDFC Bank shares closed up 1.51% at ₹1,701.75 apiece on the BSE on Friday. According to analysts at HDFC Bank, after the corporate action, share prices have witnessed a strong divergence and have crossed multi-month highs, the divergence remains positive with prices likely to rise to 1850 and 1670 as immediate support. Although the exchange … Read more

Auto stocks, HDFC, RIL, Vedanta, Hero Moto, Granules and more in news

Auto stocks, HDFC, RIL, Vedanta, Hero Moto, Granules and more in news

Housing Development Finance Corporation: Housing Development Finance Corporation (HDFC) and HDFC Bank merged on July 1, while the record date for the merger is set for July 13. HDFC Bank is now 100% owned by public shareholders and existing HDFC shareholders will own 41 percent of the bank. Reliance Industries: RIL and bp plc announced … Read more