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HDFC Bank slips in volatile trade after declaring Q2 result

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Capital Market

HDFC Bank shed 0.14% to Rs 1,860 at 13:29 IST on BSE after net profit rose 20.13% to Rs 4151.03 crore on 16.55% growth in total income to Rs 23276.18 crore in Q2 September 2017 over Q2 September 2016.

The result was announced during market hours today, 24 October 2017.

Meanwhile, the S&P BSE Sensex was up 79.17 points or 0.24% at 32,585.89.

On the BSE, 93,000 shares were traded on the counter so far as against the average daily volumes of 66,516 shares in the past one quarter. The stock was volatile. The stock had hit a high of Rs 1,876.95 and a low of Rs 1,852.90 so far. The stock had hit a record high of Rs 1,875.20 on 18 October 2017. The stock had hit a 52-week low of Rs 1,159.30 on 25 November 2016.

 

The stock had outperformed the market over the past one month till 23 October 2017, rising 2.09% compared with 1.83% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 7.09% as against Sensex's 0.86% rise. The scrip also outperformed the market in past one year, surging 47.2% as against Sensex's 15.36% rise.

The large-cap bank has equity capital of Rs 516.80 crore. Face value per share is Rs 2.

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

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First Published: Oct 24 2017 | 1:32 PM IST

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