New Document top_band
 
Business Standard

HDFC Group shares gain, HDFC Bank at new high

HDFC and HDFC Bank has surged almost 3% each on the back of heavy volumes.

Read more on:    Hdfc | Hdfc Bank | Deepak Parekh
Related News

Shares of Group companies - Housing Development Finance Corporation (HDFC) and has surged almost 3% each on the Bombay Stock Exchange (BSE) on back of heavy volumes.

HDFC Bank, a unit of HDFC, is trading at its historic high up 3.2% at Rs 684, after the bank’s American depository receipt (ADR) gained 2.38% to settle at $41.23 on the New York Stock Exchange on Monday, 26 November 2012.

As many as a combined 2.22 million shares have already changed hands on the counter till early noon deals against an average around two million shares that were traded daily in past two weeks on the BSE and NSE.

HDFC, also up by 3% at Rs 799, is currently trading near to its lifetime high of Rs 804 on the BSE. A combined 1.4 million shares have changed hands on the counter so far on both the exchanges.

-led HDFC group has outperformed its peers so far in current calendar year 2012 by recording about 37% rise in total group market capitalization compared to 21% gain reported by the Ratan Tata-led Tata Group companies and 12% rise recorded by Mukesh Ambani-led Reliance group. The BSE benchmark index Sensex has gained around 21% during the same period.

Read more on:   
|
|

Read More

BSE launches carbon index

Premier bourse BSE, in collaboration with the UK government, today launched BSE Carbonex, the first-of-its-kind index in India or any emerging market ...

Quick Links

 

Market News

Nafed seeks a 12% cut in NSEL dues

Argues that NSEL procured low quality cotton resulting into losses of Rs 12 cr to Nafed

Uttarakhand to impose 2% entry tax on sugar

Move to stop units from buying commodity from Uttar Pradesh

Markets end at record closing highs

Sensex gained over 100 points and ended at 26147.33 while the Nifty ended 27 points higher at 7,795.75.

Sensex up 100 points; Infy, TCS up 2%

Sesnex is up 93 points at 26,119 and Nifty is up 18 points at 7,786 levels

Atul Limited soars over 10% on robust Q1 earnings

Q1 net profit up 48% at Rs 59.78 crore against Rs 40.45 crore in the corresponding quarter previous year.

Back to Top