Life Insurance Corporation’s portfolio gains Rs 1544,11,23,134 in just 1 day from this bank stock; hits all-time high on June 26
The stock is up by 27.4 per cent from its 52-week low of Rs 1,588.50 per share.
On Thursday, June 26, Indian equity markets continued their upward trend for the third consecutive session, with the Nifty 50 closing at a calendar year 2025 high of 25,549.00, marking a gain of 304.25 points or 1.21 per cent. The Sensex also saw significant gains, surging 1,000.36 points or 1.21 percent to settle at 83,755.87. The Bank Nifty reached a new all-time high, increasing by 585.55 points to close at 57,206.70. Across the 2,596 stocks traded on the NSE, 1,391 advanced, 1,105 declined, and 100 remained unchanged. Additionally, 63 stocks hit their 52-week highs, while 17 touched 52-week lows, with 94 stocks in upper circuits and 51 in lower circuits.
Amidst the broader market rally, a prominent bank stock saw significant activity on D-Street, surging 2.4 per cent to reach an all-time high of Rs 2,027.40 per share from its previous close of Rs 1,980 per share. By the closing bell, the shares were trading at Rs 2,023 per share, reflecting a gain of 42.80 points, or 2.16 per cent. Notably, Life Insurance Corporation, holding 36,07,73,905 shares, or a 5.45 per cent stake as of March 2025, experienced a portfolio gain of Rs 15,44,11,23,134 from this single bank stock in just one day.
The bank stock name is HDFC Bank Ltd.
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HDFC Bank, headquartered in Mumbai, is India's largest private sector bank, offering a wide range of services from retail to wholesale. Following its merger with HDFC Ltd., the bank significantly expanded its reach in home finance. Recognised as a Domestic Systemically Important Bank (D-SIB), HDFC Bank plays a crucial role in India's financial system.
A primary driver for the recent surge in the stock price of HDFC Bank Ltd was the IPO of HDB Financial Services (HDBFS), a prominent Non-Banking Financial Company (NBFC) in India. As a subsidiary of HDFC Bank, HDBFS offers a broad spectrum of financial services, including secured and unsecured loans across enterprise lending for MSMEs, asset finance, and consumer finance. The company also provides business process outsourcing (BPO) and insurance product distribution. HDBFS's ongoing Initial Public Offering (IPO), which aims to raise Rs 12,500 crore, highlights its robust market position and significant growth potential, further strengthened by its association with HDFC Bank and its extensive network of over 1,770 branches across India.
The company, with a market cap of Rs 15.51 lakh crore, has demonstrated a good profit growth of 21 per cent CAGR over the last 5 years, maintained a healthy dividend payout of 23.3 per cent and achieved a median sales growth of 16.4% over the last 10 years. The stock is up by 27.4 per cent from its 52-week low of Rs 1,588.50 per share.
Disclaimer: The article is for informational purposes only and not investment advice.