HDFC BANK at All Time High; BSE BANKEX Index Up 1.6%
March 26, 2019 02:50 PM

HDFC BANK share price has hit an all-time high at Rs 2,309 (up 1.1%).

Meanwhile, the BSE BANKEX Index is at 33,270 (up 1.6%).

Among the top gainers in the BSE BANKEX Index today are HDFC BANK (up 1.1%) and INDUSIND BANK (up 1.1%).

Over the last one year, HDFC BANK has moved up from Rs 1,893 to Rs 2,309, registering a gain of Rs 416 (up 21.8%).

The BSE BANKEX has moved up from 27,121 to 33,270, registering a gain of 6,149 points (up 22.6%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 47.9%), ICICI BANK (up 39.2%) and KOTAK MAHINDRA BANK (up 28.5%).

What About the Benchmark Indices?

The BSE Sensex is at 38,213 (up 1.1%). The top gainers among the BSE Sensex stocks today are VEDANTA LTD (up 2.9%), RELIANCE IND. (up 2.8%) and BAJAJ FINANCE (up 2.6%). Other gainers include SBI (up 2.6%) and ASIAN PAINTS (up 2.4%). The most traded stocks in the BSE Sensex are SBI and SUN PHARMA.

In the meantime, NSE Nifty is at 11,473 (up 1.0%). The top gainers in the NSE Nifty include BAJAJ FINANCE (up 2.9%), VEDANTA LTD (up 2.9%) and RELIANCE IND. (up 2.8%). Other gainers include SBI (up 2.5%) and NTPC (up 2.3%).

Over the last 12 months, the BSE Sensex has moved up from 33,066 to 38,213, registering a gain of 5,147 points (up 15.5%).

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 29.9x.