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HDFC Bank drops after Q1 results

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Capital Market

HDFC Bank lost 3.48% to Rs 655 at 14:08 IST on BSE after net profit rose 30.08% to Rs 1843.86 crore on 17.94% growth in total income to Rs 11588.56 crore in Q1 June 2013 over Q1 June 2012.

The Q1 result was announced during trading hours today, 17 July 2013.

Meanwhile, the S&P BSE Sensex was down 50.42 points or 0.25% at 19,800.81.

On BSE, 2.01 lakh shares were traded in the counter as against average daily volume of 1.55 lakh shares in the past one quarter.

The stock hit a high of Rs 683.80 and a low of Rs 647 so far during the day.

 

The growth in HDFC Bank's bottom line was in line in market expectations. The private sector maintained its run rate of about 30% growth in bottom line which it has consistently reported for many quarters now.

HDFC Bank is a leading private-sector bank in India.

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First Published: Jul 17 2013 | 2:10 PM IST

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