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HDFC Bank Pips Bank Of China, Morgan Stanley; Joins Elite $100 Billion Market Cap Club I Details
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With the listing of new shares of HDFC Bank issued to shareholders of parent entity HDFC Ltd , India's largest private sector lender broke into the exclusive club of companies with $100 billion market capitalisation globally.
The stock will be in focus for the next few days as global credit market dynamics and the Indian economy are both on a roller coaster ride. Most of the foreign brokerages are upbeat on the stock and are recommending ‘buy’ rating with a target price of ₹2100. At the time of filing the story the stock was trading at ₹1643.
Mint is an Indian financial daily newspaper published by HT Media. The Mint YT Channel brings you cutting edge analysis of the latest business news and financial news. With in-depth market coverage, explainers and expert opinions, we break down and simplify business news for you.
Click here to download the Mint App
The stock will be in focus for the next few days as global credit market dynamics and the Indian economy are both on a roller coaster ride. Most of the foreign brokerages are upbeat on the stock and are recommending ‘buy’ rating with a target price of ₹2100. At the time of filing the story the stock was trading at ₹1643.
Mint is an Indian financial daily newspaper published by HT Media. The Mint YT Channel brings you cutting edge analysis of the latest business news and financial news. With in-depth market coverage, explainers and expert opinions, we break down and simplify business news for you.
Click here to download the Mint App
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