HDFC shares have become profitable, 460% jump in 13 years, is there still a chance in Mahashare?

HDFC shares have become profitable, 460% jump in 13 years, is there still a chance in Mahashare?

HDFC Share: Who has noticed the progress of HDFC Bank? Since the merger of the largest private sector bank and its NBFC company HDFC, investors have turned their backs on it. In the last one year, bank shares have gone down by about 16 percent. However, this is about 467 percent above the rate of 13 years ago. Due to this, you can earn good profits in future by buying fallen shares. 

Shares fell 10 percent in 6 months 

Shares of HDFC Bank were trading at Rs 1427.30 with a decline of 0.21 percent on Monday. The market cap of the bank has reached Rs 10.86 lakh crore. Due to this, it has become the third largest company in the country. But, the bank's shares have gone down by almost 10 percent in 6 months on BSE and 15.86 percent in a year. The American Depository Receipt (ADR) of the bank is currently $ 55.01. This ADR has also declined by 11.73 percent in 6 months and by 17.43 percent in one year. 

Can give benefits in long term investment 

Despite all this, HDFC Bank's stock has got the title of multibagger. Due to this decline, there are good possibilities of making profits by buying bank shares. The stock is down about 19 percent from its 52-week high of 1757.80. If you are planning to invest in long term then this share can prove to be a megastar. This stock has made investors up to three times the money. 

Can go up by about 35 percent 

The bank had also split its shares in 2011. Due to this, if someone had 1000 shares with face value of Rs 10, then they became 5000. After this, due to the split done in 2019, their number has now increased to 10 thousand. HDFC Bank shares were priced at Rs 252 13 years ago. After this it went up by 466.61 percent. Due to this, experts are currently estimating it to go up by 20 to 35 percent. He believes that it will take some time for the bank to return to its pre-merger position. However, the bank's shares may reach Rs 1750 in the coming few months. According to Trendline data, it could jump by 35 percent in a year. 

Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. never advises anyone to invest money here.

Read this also 

PLI Scheme: Government is going to give thousands of crores of benefits to these companies including Samsung, Tata

Get more latest business news updates

Scroll to Top