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HDFC Bank trims gains after scaling record high

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Capital Market

HDFC Bank rose 0.48% to Rs 1,941.10 at 12:42 IST on BSE after net profit rose 20.1% to Rs 4642.60 crore on 17.84% rise in total income to Rs 24450.40 crore in Q3 December 2017 over Q3 December 2016.

The result was announced during market hours today, 19 January 2018.

Meanwhile, the S&P BSE Sensex was up 103.53 points or 0.29% at 35,363.82.

On the BSE, 80,000 shares were traded on the counter so far as against the average daily volumes of 1.72 lakh shares in the past one quarter. The stock was volatile. The stock hit a high of Rs 1,957.85 so far during the day, its record high. The stock had hit a low of Rs 1,919.85 so far during the day. The stock had hit a 52-week low of Rs 1,231.20 on 20 January 2017.

 

The stock had underperformed the market over the past 30 days till 18 January 2018, rising 2.87% compared with 4.39% rise in the Sensex. The scrip had also underperformed the market in past one quarter, gaining 3.33% as against Sensex's 8.86% rise. The scrip had, however, outperformed the market in past one year, surging 55.3% as against Sensex's 29.12% rise.

The large-cap bank has equity capital of Rs 518.02 crore. Face value per share is Rs 2.

HDFC Bank is one of the leading private sector banks in India.

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First Published: Jan 19 2018 | 12:57 PM IST

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