Looking to buy HDFC Bank stock? Read this blog to find out HDFC Bank stock’s (HDFCBANK) performance over the years and see how it performed in the latest quarter ended on June 31st, 2021.
HDFC Bank is the largest private sector bank and the third biggest organization in India by market capitalization. It was formed in 1994 as a subsidiary of Housing Development Finance Corporation (HDFC).
At the time, HDFC Bank was one of the few private sector banks to get the nod of approval from the Reserve Bank of India (RBI) to operate in India. HDFC Bank went public shortly after through an IPO.
When Did HDFC Bank Go Public?
HDFC Bank went public in March 1995. The banking giant’s IPO was worth ₹50 crores split across 5 crore equity shares worth ₹10 each. HDFC Bank’s IPO was oversubscribed by an incredible margin of 55x.
HDFC Bank (ticker: HDFCBANK) debuted on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) in May 1995. Fast forward to 2021 and HDFC Bank has a market cap of ₹868,763 crores.
The Financials Of HDFC Bank Stock
1. Stock Name: HDFC Bank Ltd. (HDFCBANK)
2. Share Price: ₹1,565.00*
3. Market Cap: ₹868,708 crores ($141.43 billion)
4. Dividend Yield: 0.41
5. Beta: 1.21
6. 52 Week Low: ₹1025.00
7. 52 Week High: ₹1641.00
Fun fact: HDFC Bank is the third-largest company in India by market capitalization.
HDFC Bank Stock Price From 2002 To 2021
HDFC Bank is the largest private sector bank and the third biggest organization in India by market capitalization. It was formed in 1994 as a subsidiary of Housing Development Finance Corporation (HDFC).
At the time, HDFC Bank was one of the few private sector banks to get the nod of approval from the Reserve Bank of India (RBI) to operate in India. HDFC Bank went public shortly after through an IPO.
When Did HDFC Bank Go Public?
HDFC Bank went public in March 1995. The banking giant’s IPO was worth ₹50 crores split across 5 crore equity shares worth ₹10 each. HDFC Bank’s IPO was oversubscribed by an incredible margin of 55x.
HDFC Bank (ticker: HDFCBANK) debuted on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) in May 1995. Fast forward to 2021 and HDFC Bank has a market cap of ₹868,763 crores.
The Financials Of HDFC Bank Stock
1. Stock Name: HDFC Bank Ltd. (HDFCBANK)
2. Share Price: ₹1,565.00*
3. Market Cap: ₹868,708 crores ($141.43 billion)
4. Dividend Yield: 0.41
5. Beta: 1.21
6. 52 Week Low: ₹1025.00
7. 52 Week High: ₹1641.00
Fun fact: HDFC Bank is the third-largest company in India by market capitalization.
HDFC Bank Stock Price From 2002 To 2021
Fun fact: HDFC Bank has a bigger market capitalization than US companies like Goldman Sachs, Starbucks, Boeing, American Express, IBM, and others.
How Are HDFC Bank Stock Prices?
To say that HDFC Bank stock has grown a lot over the past few decades would be an understatement because the shares have grown by more than 28,000% since January 1999.
Back then, HDFCBANK shares were trading at ₹5.52 and as of 06-09-2021, HDFC Bank stock price is ₹1,565.00. The stock has experienced minor volatility since its debut on BSE and NSE.
That said, HDFC Bank has managed to outperform its competitors over the long run.
Stock
5-Year Returns
Market Cap (in ₹ crores)
HDFC Bank
143%
868,708
SBI
63%
384,829
Axis Bank
30%
245,782
IndusInd Bank
-18%
77,030
Bank Of Baroda
-54%
40,957
While HDFC Bank rules the roost in the private sector, SBI is the biggest bank in India by assets. This begs the question - is a private sector bank stock, like HDFC Bank, worth buying?
Is HDFC Bank Stock A Good Buy?
First things first, HDFC Bank is a blue-chip company that’s known for decades of stability and consistency. It’s also the third-largest company in India.
However, HDFC Bank has faced its own share of controversies with the recent net banking fiasco leading to a penalty imposed by the Reserve Bank of India. But there are more positives than negatives.
HDFC Bank had a positive Q1 FY 2021-22 as it logged an 18.0% year on year growth in revenue from ₹19,740.7 crores to ₹23,297.5 crores. Its net profit also went by 16.1%.
Keeping all of this in mind, you should evaluate whether or not HDFC Bank stock can fit into your portfolio because what’s right for others may not always be right for you. You can consult a Cube wealth coach or download the Cube wealth app.
Top Ways To Buy HDFC Bank Stock From India
There are two ways to buy a blue-chip stock like HDFCBANK. One, on your own (or with an advisor). Two, through mutual funds.
1. Mutual Funds
Top mutual funds like the ones on Cube have been known to invest in blue-chip stocks like HDFC Bank. Here are a few examples.
Mutual Fund
1-Year Returns
3-Year Returns
5-Year Returns
Motilal Oswal Focused 25 Fund
39.58%
13.08%
14.62%
Axis Focused 25 Fund
48.23%
13.90%
17.80%
Kotak Equity Opportunities Fund
52.75%
16.75%
15.83%
SBI Flexicap Fund
52.98%
13.28%
13.37%
HDFC Flexi Cap Fund
58.96%
12.57%
12.84%
Mirae Asset Tax Saver Fund
73.58%
19.76%
21.18%
Mutual funds on the Cube Wealth app are handpicked and curated by Wealth First, Cube’s mutual fund advisor, who has a track record of beating Nifty by 50% over the past decade.
2. On Your Own
The process of buying a stock like the research involved can be challenging for a working professional if it’s for a stock like HDFC Bank. Either way, investors can buy stocks using a brokerage account.
HDFC Bank went public in March 1995 through an IPO worth ₹50 crores split across 5 crore equity shares worth ₹10 each. HDFC Bank’s IPO was oversubscribed by an incredible margin of 55x.
2. When did HDFC Bank become private?
HDFC Bank has always been a private sector bank even since it was established in 1994. As of 2021, it’s the largest private sector bank in India by assets and market capitalization.
3. Who is the HDFC Bank owner?
HDFC Bank is a publicly-traded company whose parent organization is Housing Development Finance Corporation (HDFC) and other major shareholders include Foreign Institutional Investors (FIIs) and retail investors.
4. In which year HDFC Bank was established?
HDFC Bank was established in 1994 as a subsidiary of Housing Development Finance Corporation (HDFC) and went public in 1995.
Note:
Facts & figures are true as of 06-09-2021. All information mentioned is for educational purposes and relies on publicly available information. None of the information shared here is to be construed as investment advice. We strongly recommend you consult a Cube Wealth coach before investing your money in any stock, mutual fund. PMS or alternative asset.
Conclusion
Investing in HDFC Bank stock can be a way to participate in the growth of a well-established and respected Indian banking institution. However, like all investments, it carries inherent risks, and it's crucial to conduct thorough research, maintain a diversified portfolio, and make informed decisions that align with your financial goals and risk tolerance.
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