HDFC Bank Share Price
With the announcement of HDFC merger there was a big jump in the stock of all the companies of HDFC Group.
The merger of Housing Development Finance Corporation Limited (HDFC) with the private sector bank HDFC Bank has been given in the meeting of the boards of both the companions.
Approval of this merger is yet to be received from other regulatory authorities including The Reserve Bank of India, Securities and Exchange Board of India (SEBI).
With the announcement of merger of HDFC Ltd with HDFC Bank, there was a big jump in the stock of all the companies of HDFC Group like hdfc ltd, HDFC Bank and hdfc life.
BIG jump in all HDFC companies Stock
With this news coming out, all the stocks of HDFC Group rocketed.
HDFC Bank shares jump 14%
The stock of the country's largest private bank HDFC Bank rose 14.34 per cent to Rs 1,722.10 on the NSE during the day's trading.
There is also a tremendous rise in the share of HDFC Limited:
After the news of HDFC merger, HDFC Limited's stock rose 19.63 per cent to Rs 2,933.80 in early trade.
HDFC Life shares rose 9%:
HDFC Life Insurance's stock rose 8.57 per cent to Rs 597.55 from its previous session's closing level.
HDFC AMC Share also up:
HDFC Asset Management Company Ltd stock price rose 8.92 per cent to Rs 2,480 during the day's trading after the news of the merger surfaced.
Investors saw a jump of over Rs 3 lakh crore in the stock market's rally in the first hour on Monday after reports of the proposed merger of HDFC Ltd and HDFC Bank surfaced.
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