HDFC Bank shares fall sharply amid FII sell-off and Fed likely to hike rates

HDFC Bank shares fall sharply amid FII sell-off and Fed likely to hike rates
Stock Price (Image: Canva)

The shares of HDFC Limited (Housing Development Finance Corporation) and HDFC Bank have fallen heavily in the last few days.

In the last one month, the stock of HDFC Limited has fallen by 15.1% and the share price of HDFC Bank has fallen by 10.2%. Selling by Foreign Institutional Investors (FIIs).

FIIs are outflowing capital from the Indian market due to the rate hike by the US Fed. In December 2021, FIIs held 72.14% in HDFC Ltd and 37.47% in HDFC Bank, which is a significant percentage.

Apart from this, some time ago RBI (Reserve Bank of India) had banned HDFC Bank’s credit cards and some digital initiatives which had an impact on the bank’s business.

And overall Bank Nifty has also underperformed in comparison to Nifty 50 or Sensex. In the last one month, Nifty 50 is down 8.6% while Nifty Bank is down 11.9%.

HDFC Bank share: Financials

52 Week High1,725.00
52 Week Low1,336.90
Sector PE28.54
Face Value1
Dividend Yield0.48
Mkt Cap (Rs. Cr.)757,554
Book Value Per Share379.61

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Net Profit 2021 (Rs. Cr.)31,857
Revenue 2021 (Rs. Cr.)128,552
Dividend/Share (INR)6.50
Promoters holding25.8%

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This article is only for education purpose and the author has his own views and research, so if you invest in these stocks then do it at your own risk and do the research yourself before investing.

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