HDFC Bank Share Price

 I assume you mean an article on HDFC Bank's share price today. Here is a possible article:

HDFC Bank share price falls over 5% amid weak market sentiment

HDFC Bank, one of the largest private sector banks in India, witnessed a sharp decline in its share price today, as the broader market, sentiment turned negative amid rising Covid-19 cases and lockdown restrictions in several states. The bank’s stock closed at Rs 1,632.40 on the NSE, down by 5.52% or Rs 95.40 from its previous close of Rs 1,727.80. The stock also hit an intraday low of Rs 1,626.20, its lowest level since March 30.

The bank’s share price underperformed the Nifty Bank index, which fell by 3.83% or 1,226.55 points to end at 30,836.70. The Nifty 50 index also dropped by 1.04% or 163.45 points to close at 14,496.50.

The fall in HDFC Bank’s share price came despite the bank reporting a strong set of quarterly results for the fourth quarter of fiscal year 2021 (Q4FY21) on April 17. The bank posted a net profit of Rs 8,186.51 crore, up by 18.2% year-on-year (YoY), on the back of robust growth in net interest income (NII), other income and operating profit. The bank’s NII, which is the difference between interest earned and interest expended, grew by 12.6% YoY to Rs 17,120.15 crore. The bank’s other income, which includes fees, commissions and treasury income, rose by 25.9% YoY to Rs 7,593.92 crore. The bank’s operating profit increased by 16.9% YoY to Rs 15,186.65 crore.

The bank’s asset quality also improved marginally in Q4FY21, as its gross non-performing assets (NPAs) ratio declined to 1.32% from 1.38% in Q3FY21 and its net NPA ratio fell to 0.4% from 0.42% in Q3FY21. The bank’s provision coverage ratio stood at 75%, while its capital adequacy ratio was at 18.8%, well above the regulatory requirement.

The bank also announced a dividend of Rs 6.50 per equity share for FY21, subject to shareholders’ approval.

However, the bank’s share price failed to reflect its strong performance, as investors remained cautious about the impact of the second wave of Covid-19 on the banking sector and the economy at large. The bank also warned that the resurgence of Covid-19 cases could pose challenges to its business and financial performance in the near term.

According to analysts, HDFC Bank remains one of the best bets in the banking space, given its consistent growth, diversified loan portfolio, strong deposit franchise, superior asset quality and healthy capital position. However, they also cautioned that the stock may face some pressure in the short term due to the uncertain environment and valuation concerns.

HDFC Bank is currently trading at a price-to-earnings (PE) ratio of 20.9 and a price-to-book (P/B) ratio of 3.78, based on its TTM EPS of Rs 82.44 and book value per share of Rs 446.51 as of March 31, 2021¹. These ratios are higher than the sector PE of 22.52 and sector P/B of 2.67, indicating that the stock is relatively expensive compared to its peers.

Some of the peer banks that HDFC Bank competes with are ICICI Bank, Kotak Mahindra Bank, Axis Bank and IndusInd Bank. Among these banks, ICICI Bank has reported its Q4FY21 results on April 24, posting a net profit of Rs 4,402 crore, up by 260% YoY. The other banks are yet to announce their quarterly results.

HDFC Bank has a market capitalization of Rs 9.45 lakh crore as of May 5, making it the third most valuable company in India after Reliance Industries and Tata Consultancy Services. The bank has a total asset base of Rs 25.30 lakh crore as of March 31, making it the largest private

Received message. I assume you mean an article on HDFC Bank share price today. Here is a possible article: HDFC Bank share price falls over 5% amid weak market sentiment HDFC Bank, one of the largest private sector banks in India, witnessed a sharp decline in its share price today, as the broader market sentiment turned negative amid rising Covid-19 cases and lockdown restrictions in several states. The bank's stock closed at Rs 1,632.40 on the NSE, down by 5.52% or Rs 95.40 from its previous close of Rs 1,727.80. The stock also hit an intraday low of Rs 1,626.20, its lowest level since March 30. The bank's share price underperformed the Nifty Bank index, which fell by 3.83% or 1,226.55 points to end at 30,836.70. The Nifty 50 index also dropped by 1.04% or 163.45 points to close at 14,496.50. The fall in HDFC Bank's share price came despite the bank reporting a strong set of quarterly results for the fourth quarter of fiscal year 2021 (Q4FY21) on April 17. The bank posted a net profit of Rs 8,186.51 crore, up by 18.2% year-on-year (YoY), on the back of robust growth in net interest income (NII), other income and operating profit. The bank's NII, which is the difference between interest earned and interest expended, grew by 12.6% YoY to Rs 17,120.15 crore. The bank's other income, which includes fees, commissions and treasury income, rose by 25.9% YoY to Rs 7,593.92 crore. The bank's operating profit increased by 16.9% YoY to Rs 15,186.65 crore. The bank's asset quality also improved marginally in Q4FY21, as its gross non-performing assets (NPAs) ratio declined to 1.32% from 1.38% in Q3FY21 and its net NPA ratio fell to 0.4% from 0.42% in Q3FY21. The bank's provision coverage ratio stood at 75%, while its capital adequacy ratio was at 18.8%, well above the regulatory requirement. The bank also announced a dividend of Rs 6.50 per equity share for FY21, subject to shareholders' approval. However, the bank's share price failed to reflect its strong performance, as investors remained cautious about the impact of the second wave of Covid-19 on the banking sector and the economy at large. The bank also warned that the resurgence of Covid-19 cases could pose challenges to its business and financial performance in the near term. According to analysts, HDFC Bank remains one of the best bets in the banking space, given its consistent growth, diversified loan portfolio, strong deposit franchise, superior asset quality and healthy capital position. However, they also cautioned that the stock may face some pressure in the short term due to the uncertain environment and valuation concerns. HDFC Bank is currently trading at a price-to-earnings (PE) ratio of 20.9 and a price-to-book (P/B) ratio of 3.78, based on its TTM EPS of Rs 82.44 and book value per share of Rs 446.51 as of March 31, 2021. These ratios are higher than the sector PE of 22.52 and sector P/B of 2.67, indicating that the stock is relatively expensive compared to its peers. Some of the peer banks that HDFC Bank competes with are ICICI Bank, Kotak Mahindra Bank, Axis Bank and IndusInd Bank. Among these banks, ICICI Bank has reported its Q4FY21 results on April 24, posting a net profit of Rs 4,402 crore, up by 260% YoY. The other banks are yet to announce their quarterly results. HDFC Bank has a market capitalization of Rs 9.45 lakh crore as of May 5, making it the third most valuable company in India after Reliance Industries and Tata Consultancy Services. The bank has a total asset base of Rs 25.30 lakh crore as of March 31, making it the largest private