If you want to buy HDB share price at current levels in the grey market, you are lucky to be in the right place. HDB Finance is a subsidiary of HDFC Bank, the largest private bank in India in terms of assets and the tenth-largest bank in the world in terms of market capitalisation. Hence, your first concern about the safety of buying the unlisted HDB financial share price at current levels is over as RBI classifies HDFC Bank as D-SIB or domestically systematic important bank to be too big to fail. Also, the share price of HDB financial services has more than doubled within a year from Rs. 650 to Rs. 1,450 from October 2023 to 2024.
So, check out the many more reasons for buying the HDB share price at current levels from the top broker, including the approval of the HDFC Bank to launch its IPO to raise Rs. 2,500 crores to expand the business further and list on the exchanges to give high returns to investors.
What is HDB Finance?
HDFC Bank: after the mega-merger of its parent company, HDFC became India’s leading private bank with over 145 billion dollars in market capitalisation and over 8,000 branches across India and overseas. To help the Indian people with loans, HDFC Bank started HDB Financial Services in 2007 and functioned from 2008 to become one of the top NBFCs in India. It provides various loan products for individuals and businesses at low interest rates and EMIs to grow to new heights. In the last one and half decades, HDB Finance, accredited with CRISIL AAA and CARE AAA ratings, has grown leaps and bounds to have around 1,500 branches in over 1,000 cities across India.
Six reasons to buy at the current HDB Finance share price from a top broker
HDB Finance’s performance in the grey market is phenomenal, as is evident from its rapid rise to around Rs. 1,500 now from only Rs. 600 in October 2023. The following are a few reasons for the HDB Finance stock price doubling in one year and the rapid rise in the future.
- Having the brand name of HDFC Bank subsidiary for ensuring safety
- HDFC Bank board approving the IPO to raise Rs. 2,500 crores sooner
- Offering BPO services to HDFC Bank with 15 call centres across India
- Interest earned rose from Rs. 8,478 to Rs. 11,157 crores from 2021 to 2024
- PAT or profit after tax skyrocketed from Rs. 378 to Rs. 2,461 crores from 2021 to 2024
- EPS, or earnings per share, rose from only 4.79 to 31.03
Call the executive of the top broker for more reasons to buy the unsung hero in the unlisted market HDB Finance share price at current levels to yield high returns. Stockify is a cutting-edge platform simplifies stock market trading for novice and experienced investors. It offers real-time data, user-friendly tools, and educational resources to enhance trading strategies. With a focus on transparency and accessibility, Stockify empowers users to make informed investment decisions regarding investment in unlisted shares and navigate the stock market confidently.