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HDFC Bank nears all-time high ahead of Q4 results

HDFC Bank is trading higher by 1.8% at Rs 539

Read more on:    Nse | Q4 Results | Hdfc Bank | Net Interest Income
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is trading higher by 1.8% at Rs 539.70, near its all-time high of Rs 539.90 ahead of the financial results for the fourth quarter ended March 2012, scheduled to be declared today.

India’s second largest private sector lender is likely to post a 28% year-on-year growth in net profit at Rs 1,427 crore for the fourth quarter of FY12, according to Kotak Securities. (NII) is seen at Rs 3,259 crore versus Rs 2,840 crore, up 15%, y-o-y.

A combined 1.92 million shares have already changed hands so far, against an average around 2.5 million shares that were traded daily in past two weeks on the and BSE.

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Credit ratings fell the most in three years: CRISIL

According to CRISIL, the Indian arm of Standard & Poor which rates over 9,000 issuers in India, credit ratings have fallen the most in three ...

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Market News

Glenmark Pharma surges on strong June quarter results

EBITDA or operating profit margins improved 300 basis points to 23% from 20%.

Ranbaxy inks pact with Cipher; stock hits 52-week high

Sun Pharma also rallied by nearly 3% to Rs 769, its new high on National Stock Exchange.

Bayer Cropscience hits record high on strong Q1 results

The stock soared 13% to Rs 2,064 on NSE after reporting 24% yoy jump in net profit at Rs 109 crore for the quarter ended June 2014.

Wipro dips 8% post Q1 results

Q1 operating margins of IT services at 22.8%, impacted due to wage hikes.

Markets open flat; Wipro down 4%

Sensex was lower by 8 points at 26,264 mark and the Nifty declined by 5 points at 7,826 levels.

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