HDFC has increased the money of its investors about 259 times in 23 years.
The company’s shares are at their 52-week high with Rs 1725.
This bank has given a splendid return of 25802 percent to its investors.
New Delhi. There are very few companies in the stock market that make their investors millionaires by investing just a few thousand. In the last 2 decades, there have been some companies that have made their investors millionaires by investing just a few thousand or lakhs. Some of these also include banking stocks. HDFC, the largest private sector bank, is included in these few companies.
HDFC has given great returns to its investors and has made investors millionaires even with an investment of less than Rs 1 lakh. HDFC has increased the wealth of its investors by almost 259 times in 23 years to make them rich. Let us tell you that the shares of HDFC closed on NSE yesterday i.e. on 26 September at a price of Rs 1,429.80.
At its 52 week high with Rs 1725
Let us tell you that the company’s shares are at their 52-week high with Rs 1725. At the same time, last year this stock was able to touch its 52-week high on 18 October. HDFC shares were at a price of Rs 5.52 on January 1, 1999, which has risen by 25802 percent in 23 years to reach Rs 1429.80 today.
40 thousand made 1 crore rupees in 23 years
This means that if an investor had invested 40 thousand rupees in it 23 years ago, then today he would have become 1.03 crore rupees. This bank has made its investors rich by giving a whopping return of 25802 percent.
On the other hand, if we talk about the recent performance of the company, this year this stock has broken 5.91 percent. But institutional brokerage and investment group CLSA has advised to invest in it. Let us inform that CLSA has given Buy rating to the stock with a target price of Rs 2025 in HDFC shares. The bank has been cited in the CLSA report. Management expects continued strong retail momentum in this.
FIRST PUBLISHED : September 27, 2022, 10:56 IST