HDFC Bank drops after announcing Q2 results

HDFC Bank dropped 0.24% to Rs 1,092.55 at 13:05 IST on BSE after net profit rose 20.49% to Rs 2869.45 crore on 24.68% rise in total income to Rs 17324.28 crore in Q2 September 2015 over Q2 September 2014.

The result was announced during market hours today, 21 October 2015.

Meanwhile, the S&P BSE Sensex was down 87.36 points or 0.32% at 27,219.47.

On BSE, so far 1.34 lakh shares were traded in the counter as against average daily volume of 1.04 lakh shares in the past one quarter.

The stock hit a high of Rs 1,103.90 and a low of Rs 1,087.60 so far during the day. The stock had hit a 52-week low of Rs 887.70 on 30 August 2014. The stock had hit a record high of Rs 1,127.90 on 21 July 2015.

The stock had outperformed the market over the past one month till 20 October 2015, rising 4.47% compared with 4.15% rise in the Sensex. The scrip had also outperformed the market in past one quarter, dropping 1.83% as against Sensex's 3.92% decline.

The large-cap bank has equity capital of Rs 503.64 crore. Face value per share is Rs 2.

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

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