HDFC Bank considers first-ever bonus shares plus special dividend - here's what shareholders win
Key Points
- HDFC Bank is rewarding shareholders with its first-ever bonu...
HDFC Bank is pulling out all the stops for shareholders like a generous host at a dinner party - first-ever bonus shares AND a special interim dividend on the table. The bank's July 19 results announcement has investors more excited than kids on Christmas morning, and for good reason.
The numbers tell a compelling story: HDFC Bank's stock has climbed 24% over the past year and 12.5% year-to-date, while trading at a reasonable price-to-earnings ratio of 21.7. Translation? The market likes what it sees, but hasn't gone completely bananas over the valuation.
**When Foreign Money Meets Retail En...
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