The company’s IPO raised ₹12,500 crore and started trading at ₹835 per share, giving early investors a quick 13% bump over the issue price. But In the few days since it became a public company, the stock has continued to trade around its listing price of ₹840 per share.
The stock is yet to receive significant analyst coverage, barring Emkay, who had initiated coverage with a “buy” rating on the day of its listing
Analyst View:
Outlook Positive: Stable growth, improved credit metrics, and a strong parentage (HDFC Bank) make HDB a promising long-term NBFC play.