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HDFC Bank drops amid volatility after good Q3 numbers

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Capital Market
Last Updated : Jan 17 2014 | 11:57 PM IST

HDFC Bank lost 0.93% to Rs 667.65 at 14:00 IST on BSE after net profit rose 25.1% to Rs 2325.70 crore on 17.75% growth in total income to Rs 12738.95 crore in Q3 December 2013 over Q3 December 2012.

The bank announced Q3 results during trading hours today, 17 January 2014.

Meanwhile, the S&P BSE Sensex was down 141.25 points or 0.66% at 21,123.93.

On BSE, so far 2.06 lakh shares were traded in the counter as against average daily volume of 1.89 lakh shares in the past one quarter.

The stock was volatile. The stock lost as much as 2.18% at the day's low of Rs 659.20 so far during the day. The stock rose as much as 0.66% at the day's high of Rs 678.40 so far during the day. The stock had hit a record high of Rs 727 on 30 May 2013. The stock had hit a 52-week low of Rs 528 on 28 August 2013.

The stock had underperformed the market over the past one month till 16 January 2014, declining 1.27% compared with the Sensex's 2.93% rise. The scrip had also underperformed the market in past one quarter, advancing 3.46% as against Sensex's 3.49% gain.

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The large-cap bank has equity capital of Rs 478.92 crore. Face value per share is Rs 2.

HDFC Bank is a leading private sector bank in India.

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First Published: Jan 17 2014 | 1:59 PM IST

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