On Monday, the benchmark indices ended the day higher. The BSE Sensex Index was up by 0.66 per cent, reaching a level of 65,147. The Sensex Index also reached an all-time high at 65,240.57. Approximately 1,995 shares advanced, 1,558 declined, and 169 remained unchanged on the BSE.

Net profit of Rs 14 crore for Q4FY23 is up by 40 per cent on YoY basis, compared to Q4FY22. 

The stock has given a multibagger return of over 3,000 per cent in just three years.

According to the quarterly results, the net sales increased by 48.85 per cent to Rs 2,079 crore and net profit skyrocketed by 104.80 per cent to Rs 318 crore in Q4FY23 compared to Q4FY22. The company has an order book of Rs 38,755 crore as of March 31, 2023. 

At the pre-opening bell, the frontline index S&P BSE Sensex opened in green with a gain of 37.04 points or 0.06 per cent.

Additionally, the company’s order book as of April 1, 2023 stood at Rs 60,690 crore. Including the above orders, the company’s current order book stands at Rs 66,781 crore. Furthermore, the company declared a final dividend of Rs 0.60 per equity share (having a face value of Rs 1 each) on the enhanced share capital of the company post- bonus issue on Sept 15, 2022.

While the merger will elevate HDFC Bank to the position of fourth-largest bank in the world, it is necessary to monitor the performance of other HDFC Group stocks.

Talking about the financials, the company has a market cap of Rs 22.68 crore with a 3-year CAGR of 19 per cent. The company reported positive numbers in its quarterly results and annual results. In FY23, the company reported net sales of Rs 20.15 crore and net profit of Rs 0.73 crore.

On Friday, the benchmark indices ended the trading session in green. BSE Sensex Index is up by 1.26 per cent at 64,718.56, and NSE Nifty-50 Index is up by 1.14 per cent at 19,189.05.

The company has maintained a respectable dividend payout of 65.5 per cent.