Ways2Capital Reviews : HDFC Bank Stock Will Be Open For FII Trading On June 01, 2018

SEBI is closing FII trading window (w.e.f. July 1, 2018). FII trading window is a separate trading window wherein only FIIs can buy and sell.

Now considering that SEBI is closing FII trading window from July 1, 2018, it has decided to permit FIIs to buy stocks in open market for one day on June 1, 2018.

Since this is the final opportunity for FIIs to buy HDFC Bank stock, there can be huge quantum of buying from FIIs side on June 01, 2018 for one day, which will take the stock sharply to higher levels. The ADR of the bank is up by ~6% today. HDFC Bank touched a 52 week high of Rs2,064.90 on 15-May-2018 and a 52 week low of Rs1,616.75 on 30-May-2017. Last one week high and low of the scrip stood at Rs2,051.35 and Rs1,957 respectively. The promoters holding in the company stood at 20.93 % while Institutions and Non-Institutions held 45.41 % and 15.43 % respectively. The stock traded above its 50 DMA.

HDFC Bank has ~4.5% market share in loan book terms. Its loan book for FY18 end stood at Rs6.58 lakh cr. For FY18, HDFC Bank's retail and wholesale loan mix was 54:46, while cost-to-income ratio was 41%, GNPA/NNPA ratio was 1.3%/0.44% respectively, NIMs at 4.4%, and CASA ratio is at 44%.
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About Bhoomi Desai