HDFC BANK at All Time High; BSE BANKEX Index Up 0.7%
June 27, 2019 10:42 AM

HDFC BANK share price has hit an all-time high at Rs 2,480 (up 0.4%).

Meanwhile, the BSE BANKEX Index is at 35,255 (up 0.7%).

Among the top gainers in the BSE BANKEX Index today are HDFC BANK (up 0.4%) and KOTAK MAHINDRA BANK (up 0.2%).

YES BANK (down 0.5%) and CITY UNION BANK (down 0.5%) are among the top losers today.

Over the last one year, HDFC BANK has moved up from Rs 2,093 to Rs 2,480, registering a gain of Rs 387 (up 18.4%).

The BSE BANKEX has moved up from 29,616 to 35,255, registering a gain of 5,639 points (up 19.0%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 56.2%), ICICI BANK (up 52.9%) and SBI (up 35.4%).

What About the Benchmark Indices?

The BSE Sensex is at 39,748 (up 0.3%). The top gainers among the BSE Sensex stocks today are AXIS BANK (up 1.8%), TATA MOTORS DVR (up 1.7%) and INDUSIND BANK (up 1.5%). Other gainers include M&M (up 1.5%) and TATA MOTORS (up 1.2%). The most traded stocks in the BSE Sensex are TATA MOTORS and TATA STEEL.

In the meantime, NSE Nifty is at 11,895 (up 0.4%). The top gainers in the NSE Nifty include INDIABULLS HOU. FIN. (up 2.0%), AXIS BANK (up 1.9%) and BHARTI INFRATEL (up 1.7%). Other gainers include INDUSIND BANK (up 1.6%) and M&M (up 1.5%).

Over the last 12 months, the BSE Sensex has moved up from 35,490 to 39,748, registering a gain of 4,258 points (up 11.9%).

HDFC BANK Financial Update...

HDFC BANK net profit stood at Rs 59 billion for the quarter ended March 2019, compared to a profit of Rs 56 billion a year ago. Operating income rose 1.7% to Rs 263.3 billion during the period as against Rs 258.9 billion in January-March 2018.

For the year ended March 2019, HDFC BANK reported 20.4% increase in net profit to Rs 222.2 billion compared to net profit of Rs 184.6 billion during FY18.

Revenue of the company grew 23.3% to Rs 1,052 billion during FY19.

The current Price to earnings ratio of HDFC BANK, based on rolling 12 month earnings, stands at 32.0x.