• About
  • Contact
Wednesday, January 20, 2021
Next Big Brand
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview
No Result
View All Result
Next Big Brand
Home Industries

HDFC Bank Reaches The $100 billion milestone in market cap

Pritish raj by Pritish raj
December 19, 2019
in Industries, News
2 min read
0
HDFC Bank Brand- Next Big Brand

HDFC Bank- Next Big Brand

Share on FacebookShare on Twitter

HDFC Bank Ltd reached the market capitalization of $100 billion on Thursday, becoming only the country’s third-largest business to reach this milestone.

The company is now in Reliance Industries Ltd’s group, which has a $140.74 billion market cap, and Tata Consultancy Services, which has a $114.60 billion market cap.

HDFC Bank is now ranked 110th in the most admired companies in the world with this. There are currently 109 companies in the ranking, according to Bloomberg statistics, with a market cap of over $100 billion.

HDFC Bank ranks 26th among the most valuable banks and financial firms in the world with a market cap of over $100 billion.

Investors continued to buy the stock in the expectation that the company will post good earnings results, steady profit growth of 20 percent, stable quality of assets, and healthy growth.

The stock traded on the BSE at some 0.4 percent higher, though Sensex fell to 41519.69 points by 0.09 percent. The index has increased by 22 percent in the last 12 months, while the S&P Bankex, the broader gage of banking stocks, has risen by almost 20 percent.

The analyst expects HDFC Bank to offer strong credit growth in the future, with its resources well above regulatory requirements and higher retail emphasis. Further emphasis on efficiency and digitization along with cost rationalization is also likely to lead to better growth in profitability, the analyst added.

According to Bloomberg reports, 50 of the analysts covering the stock have a’ buy’ rating, five have a’ hold’ rating, while one has a’ sell’ rating.

HDFC Bank’s rising concentration of branches in India’s semi-urban and rural areas position it for higher revenue and profit, according to Bloomberg Intelligence. Around 52% of the branches of the bank were outside the major metropolitan area.

Recently, HDFC Bank, was ranked No. 1 for the sixth year in a row, has proved the benefits of keeping a forward-thinking and innovative perspective with a continuous focus on meeting its customers ‘ evolving requirements. The bank rose 5 percent in brand value to $22.7 billion with fresh economic goods, continuing drive towards digital banking, and fresh branches set-up across the nation. This contrasts positively with the top 20 worldwide banks ‘ 8% decrease in value (BrandZ Top 100 Most Valuable Global Brands Report, June 2019).

Previous Post

RIL Becomes Largest Company On Fortune India 500 List, dethornes IOC

Next Post

10 Indian Make To The List Of Variety 500 Most-Important People list

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

Tata Group is All Set to Acquire 60% stake in BigBasket
News

Tata Group is All Set to Acquire 60% stake in BigBasket

January 20, 2021
Chinese Billionaire Jack Ma Suspected Missing after Condemning the Chinese Government.
News

Alibaba Share Surges after Jack Ma’s Resurfacing Video

January 20, 2021
Indian Government Strictly Asks WhatsApp to Withdraw New Policy Change
News

Indian Government Strictly Asks WhatsApp to Withdraw New Policy Change

January 19, 2021
Agri-Tech Start-Up DeHaat Raises $30 Million of Funding in the Series C Round
News

Agri-Tech Start-Up DeHaat Raises $30 Million of Funding in the Series C Round

January 19, 2021
Hike Messaging App Shuts Down: Vanishes from Play Store and App Store
News

Hike Messaging App Shuts Down: Vanishes from Play Store and App Store

January 19, 2021
Cure.fit Empowers its US Operations with Onyx Acquisition
News

Cure.fit Empowers its US Operations with Onyx Acquisition

January 18, 2021
Next Post
10 Indian Make To The List Of Variety 500 Most-Important People list

10 Indian Make To The List Of Variety 500 Most-Important People list

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

Most valuable athletes - Next Big Brand

5 Most Valuable Athletes on Twitter Globally

11 months ago
DSIM - Next Big Brand

Digital Vidya Acquires DSIM in an All Cash Deal

11 months ago
Miniso-logo-next-big-brand-in

MINISO Announces 100 Store Milestone in India

1 year ago
Bewakoof: Entrepreneurship Journey of two IITians to Leading Quirky Fashion Apparels

Bewakoof: Entrepreneurship Journey of two IITians to Leading Quirky Fashion Apparels

3 weeks ago

FOLLOW US

  • 22.3k Fans

BROWSE BY TOPICS

2018 League amazon Amazon Great Indian Sale Amazon Prime Apple Apple Inc Automobile Industry Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan facebook Facebook app future group hotstar Indian OTT Platforms Indian Smartphone Market Istana Negara Jio Market Stories Maruti Suzuki National Exam Netflix Netflix India Netflix Originals oppo OTT OYO Realme Reliance Industries Limited Reliance Jio RIL Samsung Tata Motors Tiktok TikTok India TikTok Videos Visit Bali Vivo whatsapp Xiaomi Xiaomi India YouTube
Next Big Brand

We Talk About Brands

Follow us on social media:

Recent News

  • Tata Group is All Set to Acquire 60% stake in BigBasket
  • Alibaba Share Surges after Jack Ma’s Resurfacing Video
  • Insights of Arata’s Natural Health Products Journey to Health Industry with Bhasin and Madhok

Instagram

Follow Me!

Latest News

Tata Group is All Set to Acquire 60% stake in BigBasket

Tata Group is All Set to Acquire 60% stake in BigBasket

January 20, 2021
Chinese Billionaire Jack Ma Suspected Missing after Condemning the Chinese Government.

Alibaba Share Surges after Jack Ma’s Resurfacing Video

January 20, 2021
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview

© 2019 NBB. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.