HDFC Bank recovers in volatile trade after announcing good Q2 results

HDFC Bank fell 0.82% to Rs 1,255.05 at 13:25 IST on BSE, with the stock recovering from intraday low after net profit rose 20.42% to Rs 3455.33 crore on 15.28% growth in total income to Rs 19970.89 crore in Q2 September 2016 over Q2 September 2015.

The result was announced during market hours today, 25 October 2016.

Meanwhile, the S&P BSE Sensex was down 114.64 points or 0.41% at 28,064.44

On BSE, so far 96,250 shares were traded in the counter as against average daily volume of 94,798 shares in the past one quarter. The stock recovered in volatile trade. The stock hit a high of Rs 1,265.50 and a low of Rs 1,244.75 so far during the day. The stock had hit a 52-week high of Rs 1,318.20 on 23 September 2016. The stock had hit a 52-week low of Rs 928.80 on 29 February 2016. The stock had underperformed the market over the past 30 days till 24 October 2016, falling 3.64% compared with 1.71% decline in the Sensex. The scrip, however, outperformed the market in past one quarter, gaining 2.16% as against Sensex's 0.72% rise.

The large-cap bank has equity capital of Rs 509.13 crore. Face value per share is Rs 2.

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

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