InvestorQ : Is this the right time to buy HDFC Bank shares or I should wait for the split to happen?
Aishwarya Nimbalkar made post

Is this the right time to buy HDFC Bank shares or I should wait for the split to happen?

Answer
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Sakshi Malhotra answered.
1 year ago


According to me, it is the right time to buy HDFC Bank shares because if you buy HDFC shares now then after split your shares will get doubled. HDFC bank’s board of directors has already approved the proposal to split the lender’s share from one equity share of the face value of Rs2 each to two shares of face value Rs1 each.

On Wednesday, 23rd May 2019 in a press note bank said that “The pre-split and post-split Share Capital will be disclosed by the Bank as on the Record Date to be determined for the subdivision,"

The bank has strong financial performance with a sound asset quality which makes it a perfect buy. Moreover, the price of the share is under-valued so buying now and holding for later will surely be profitable.