HDFC Bank Ltd soars 1%, rises for fifth straight session

HDFC Bank Ltd is quoting at Rs 2441, up 1% on the day as on 12:49 IST on the NSE. The stock is up 14.09% in last one year as compared to a 11.26% spurt in NIFTY and a 16.94% spurt in the Nifty Bank.

HDFC Bank Ltd gained for a fifth straight session today. The stock is quoting at Rs 2441, up 1% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.71% on the day, quoting at 11945.1. The Sensex is at 39824.99, up 0.82%. HDFC Bank Ltd has risen around 3.62% in last one month.

Meanwhile, Nifty Bank index of which HDFC Bank Ltd is a constituent, has risen around 6.11% in last one month and is currently quoting at 31295.55, up 0.73% on the day. The volume in the stock stood at 11.76 lakh shares today, compared to the daily average of 31.41 lakh shares in last one month.

The benchmark May futures contract for the stock is quoting at Rs 2440.45, up 0.89% on the day. HDFC Bank Ltd is up 14.09% in last one year as compared to a 11.26% spurt in NIFTY and a 16.94% spurt in the Nifty Bank index.

The PE of the stock is 31.23 based on TTM earnings ending March 19.

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