HDFC Bank Analysis and Updates
HDFC Bank Analysis and Updates
- Current market price – 1625
- Strong support – 1600
- Breakout – 1640
HDFC rebuffs Mitsubishi UFJ financial group bid to acquire a stake in HDB financial services.
“The report said the HDFC Bank board had rejected a proposed $2 billion purchase by MUFG. Had HDFC Bank approved the plan, the world’s second largest bank holding company would have picked up around 20% in HDB Financial Services.
The rejection of the proposed deal could also disappoint the Japanese government, which had communicated its support for the transaction to the Centre, the report claimed”.
HDFC Chart
