HDFC Bank rose 1.31% to Rs 1,017.80 at 10:29 IST on BSE on reports the bank has cut base rate by 15 basis points to 9.7% from 9.85% with effect from 15 June 2015.
Meanwhile, the S&P BSE Sensex was up 241.68 points or 0.9% at 27,074.34.
On BSE, so far 27,000 shares were traded in the counter as against average daily volume of 1.17 lakh shares in the past one quarter.
The stock hit a high of Rs 1,018.65 and a low of Rs 1,003.50 so far during the day. The stock had hit a record high of Rs 1,105 on 4 March 2015. The stock had hit a 52-week low of Rs 792 on 11 August 2014.
The stock had outperformed the market over the past one month till 17 June 2015, rising 1.46% compared with Sensex's 1.8% fall. The scrip had also outperformed the market in past one quarter, declining 5.02% as against Sensex's 6.62% fall.
The large-cap private bank has equity capital of Rs 501.79 crore. Face value per share is Rs 2.
HDFC Bank's net profit rose 20.6% to Rs 2806.91 crore on 21.7% growth in total income to Rs 15570.13 crore in Q4 March 2015 over Q4 March 2014.
HDFC Bank is a leading private sector bank in India.
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