HDB Financial Services: Limited Upside Potential, Says Macquarie Analyst1 day ago
Macquarie's Suresh Ganapathy states HDB Financial shares have limited upside from current levels after 13% listing gain. Concerns include stress in vehicle finance segment, rising credit costs, and high valuation multiples. The stock is trading at 2.7-2.8 times forward price-to-book.
HDB Financial Services: Share Price Surges 6% Post-Debut2 days ago
HDB Financial Services Ltd. shares rose over 6% on Thursday, a day after its market debut. The stock opened at Rs 835 on Wednesday, 13% above its IPO price of Rs 740. The Rs 12,500-crore IPO was oversubscribed 17 times last week, marking one of the largest NBFC offerings in recent years.