HDFC Bank gains after good Q4 outcome

HDFC Bank rose 0.66% to Rs 1,098.30 at 13:45 IST on BSE after net profit rose 20.21% to Rs 3374.22 crore on 21.15% increase in total income to Rs 18862.61 crore in Q4 March 2016 over Q4 March 2015.

The result was announced during trading hours today, 22 April 2016.

Meanwhile, the BSE Sensex was down 22.18 points, or 0.09%, to 25,858.20 .

On BSE, so far 1.08 lakh shares were traded in the counter, compared with an average volume of 1.36 lakh shares in the past one quarter. The stock hit a high of Rs 1,100.90 and a low of Rs 1,085.65 so far during the day. The stock hit a record high of Rs 1,127.90 on 21 July 2015. The stock hit a 52-week low of Rs 928.80 on 29 February 2016. The stock had outperformed the market over the past one month till 21 April 2016, rising 4.48% compared with 2.35% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 6.59% as against Sensex's 8% rise.

The large-cap company has an equity capital of Rs 505.64 crore. Face value per share is Rs 2.

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

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