HDFC Bank share price at 929.25 INR — Market snapshot and key metrics

Introduction: Why hdfc bank share price matters

HDFC Bank is one of India’s largest private sector lenders, and movements in its share price influence broader market sentiment. The hdfc bank share price is closely watched by retail and institutional investors because it reflects trends in India’s banking sector and can affect index performance, given the bank’s large market capitalisation. This update summarises the latest quoted price and key financial metrics from available data.

Main body

Price and recent movement

The current quoted price for HDFC Bank (NSE: HDFCBANK) is 929.25 INR. According to the provided information, this represents a decline of −0.67% over the past 24 hours. The snapshot places the stock in the context of broader markets, with the NIFTY index referenced at 25,320.65 in the same data set.

Key financial metrics

Selected metrics from the provided information give a quick view of valuation and profitability:

• Price-to-Book (P/B): 2.50 — a commonly used ratio to compare market value to book value.
• Return on Assets (ROA): 1.81% — indicates profitability relative to the company’s assets.

The source also explains common financial terms investors use when assessing banks: Earnings per share (EPS) represents profit divided by outstanding common shares; EBITDA measures earnings before interest, taxes, depreciation and amortization and is used as an alternative view of operating performance.

Company profile and market context

HDFC Bank Limited is headquartered in Mumbai and operates across banking and financial services. As of April 2024, the bank’s market capitalisation was reported at $145 billion, making it the third-largest company on Indian stock exchanges according to the provided data. This scale underscores why its share price moves are significant for indices and investor portfolios.

Conclusion: What investors should take from this update

The hdfc bank share price at 929.25 INR with a short-term dip of −0.67% signals modest near-term volatility but should be interpreted alongside fundamental metrics such as P/B (2.50) and ROA (1.81%). Given the bank’s large market capitalisation ($145B as of April 2024) and central role in Indian markets, readers and investors are advised to monitor price trends, periodic financial disclosures, and broader market indicators like the NIFTY. For trading or investment decisions, combine price updates with detailed financial reports and, where appropriate, professional advice.