HDFC BANK at All Time High; BSE BANKEX Index Up 0.6%
March 14, 2019 09:28 AM

HDFC BANK share price has hit an all-time high at Rs 2,247 (up 0.8%).

Meanwhile, the BSE BANKEX Index is at 32,539 (up 0.6%).

Among the top gainers in the BSE BANKEX Index today are HDFC BANK (up 0.8%) and INDUSIND BANK (up 1.2%).

ICICI BANK (down 0.3%) is among the top loser today.

Over the last one year, HDFC BANK has moved up from Rs 1,860 to Rs 2,247, registering a gain of Rs 387 (up 20.7%).

The BSE BANKEX has moved up from 27,905 to 32,539, registering a gain of 4,634 points (up 16.6%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 40.4%), ICICI BANK (up 28.6%) and HDFC BANK (up 20.7%).

What About the Benchmark Indices?

The BSE Sensex is at 37,904 (up 0.3%). The top gainers among the BSE Sensex stocks today are YES BANK (up 1.5%), INDUSIND BANK (up 1.2%) and HDFC (up 1.2%). Other gainers include SUN PHARMA (up 1.1%) and AXIS BANK (up 0.9%). The most traded stocks in the BSE Sensex are YES BANK and RELIANCE IND..

In the meantime, NSE Nifty is at 11,383 (up 0.3%). The top gainers in the NSE Nifty include INDIABULLS HOU. FIN. (up 2.8%), ZEE ENTERTAINMENT (up 2.2%) and YES BANK (up 2.0%). Other gainers include BHARTI INFRATEL (up 1.1%) and HDFC (up 1.1%).

Over the last 12 months, the BSE Sensex has moved up from 33,857 to 37,904, registering a gain of 4,047 points (up 11.9%).

HDFC BANK Financial Update...

HDFC BANK net profit stood at Rs 56 billion for the quarter ended December 2018, compared to a profit of Rs 46 billion a year ago. Operating income rose 25.8% to Rs 258.9 billion during the period as against Rs 205.8 billion in October-December 2017.

For the year ended March 2018, HDFC BANK reported 21.3% increase in net profit to Rs 184.6 billion compared to net profit of Rs 152.1 billion during FY17.

Revenue of the company grew 16.4% to Rs 853 billion during FY18.

The current Price to earnings ratio of HDFC BANK, based on rolling 12 month earnings, stands at 29.1x.