HDFC Bank ends firm, up around 2%

The scrip has rebounded into the postive and touched a high of Rs 1,399.

The stock finally ended at Rs 1,381, up 1.5%.

The counter has witnessed trades of 310,974 shares as aginst the two-week daily average traded volumes of 120,870 shares.

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HDFC Bank has slipped this morning inspite of a 30% rise in Q1 net profit.

The stock opened at Rs 1,399. However, it slipped 5% from there to touch a low of Rs 1,333. The stock is now marginally down at Rs 1,351. However, the stock is up 75% from its 52-week low of Rs 774. Round 134,856 stocks have been traded on the BSE so far.

The bank informed the BSE yesterday, the net profit has increased 30.5% to Rs 606.1 crore in Q1FY10 from Rs 464.35 crore in Q1FY09. The total income is up 22% at Rs 5,136.75 crore as against Rs 4,215.15 crore in the corresponding quarter a year ago.

Also Read: HDFC Bank: The pace comes off