HDFC Bank stock hits record high, advances 25% in three months

Shares of HDFC Bank hit a record high of Rs 1,308, up 3 per cent on the BSE on Friday, surpassing its previous high of Rs 1,304.10, touched on December 19, 2019.

The stock of the private sector lender has outperformed the market by surging 10 per cent in the past week, as compared to a 5.6 per cent rise in the S&P BSE Sensex. In the past three months, it has rallied 25 per cent, against a 10 per cent gain in the benchmark index.

HDFC Bank had reported healthy September quarter (Q2FY21) results with net profit growing 18.4 per cent