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Analysts said the banking space is known as a 'mother sector' as a better performance by banks indicates better days for the economy, but the banking sector is hit hard when the economy does badly.
BENGALURU -Indian shares plunged, bond yields jumped and the rupee strengthened on Wednesday after the country's central bank announced a surprise increase in its key policy rate to tame inflation,...
Shares of HDFC twins - HDFC Bank and HDFC - have been on a bearish trend right after the announcement of the merger.The shares of the two HDFC companies declined 17 per cent and 18 per cent, respectively, since the news of the merger, data ...
HDFC twins stock on a downtrend since announcement of merger
HDFC Bank has a presence in more than 3,000 cities/towns through its 6,342 branches, with about 50 per cent of these branches in semi-urban/rural geographies in the country. The day when the merger was announced, the shares of both the companies rose sharply, rallying as high as 11-14 per cent in intra-day trade. HDFC Twins Shares Fall on a Downtrend Since Announcement of Merger.