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New Delhi: After Steller debut Emkay Global has shown confidence in HDB Financial Services, setting a target price of Rs 900 per share and giving a 'Buy' rating. This target shows a possible upside of about 22 percent from the IPO issue price of Rs 740. Strong Market Debut On July 2, HDB Financial Services made an strong debut on the stock market, listing at Rs 835 per share -- a 13 percent premium over its IPO price. This strong start shows robust investor interest and confidence in the compa ...Read More >
Pune: Passengers on board a Goa to Pune SpiceJet flight (SG-1080) had a scare on Tuesday evening when a window panel was found dislodged while the plane was mid-air.The airline played down the incident, saying the window part that had come off was "a non-structural trim component, fitted onto the window for the purpose of shade".But a person on board the plane -- a Bombardier Q400 -- told TOI the incident triggered anxiety among the passengers. "Two to three layers of the window panel just came ...Read More >
MUMBAI: Shares of HDB Financial Services rose nearly 14% on the day of listing in the stock exchanges closing at Rs 841 against the issue price of Rs 740. At the closing price the company was valued at Rs 69,758 crore.The Rs 12,500-crore initial share sale of HDB Financial Services got subscribed 16.69 times on the closing day of bidding on Friday last week amid encouraging participation from institutional buyers.Speaking at the listing ceremony, HDFC Bank MD & CEO, Sashidhar Jagadishan said tha ...Read More >
New Delhi, June 26: The IPO of HDB Financial Services saw robust interest on Day 2 of public subscription, closing the day with 1.16x overall subscription. Backed by HDFC Bank, the offering attracted healthy demand across investor categories, despite volatility in the broader market. Analysts noted that the IPO benefitted from the company's strong brand lineage, extensive rural lending network, and a consistent track record of profitability. According to Gaurav Garg from Lemonn Markets, "HDB F ...Read More >
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