HDFC BANK at All Time High; BSE BANKEX Index Up 0.7%

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HDFC BANK at All Time High; BSE BANKEX Index Up 0.7%
Fri, 15 Mar 09:24 AM

HDFC BANK share price has hit an all-time high at Rs 2,250 (up 0.5%).

Meanwhile, the BSE BANKEX Index is at 32,653 (up 0.7%).

Among the top gainers in the BSE BANKEX Index today are HDFC BANK (up 0.5%) and INDUSIND BANK (up 0.8%).

Over the last one year, HDFC BANK has moved up from Rs 1,865 to Rs 2,250, registering a gain of Rs 385 (up 19.8%).

The BSE BANKEX has moved up from 28,061 to 32,653, registering a gain of 4,592 points (up 16.3%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 39.1%), ICICI BANK (up 27.7%) and HDFC BANK (up 19.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 37,934 (up 0.5%). The top gainers among the BSE Sensex stocks today are SBI (up 1.0%), ICICI BANK (up 0.9%) and INDUSIND BANK (up 0.8%). Other gainers include POWER GRID (up 0.7%) and BAJAJ FINANCE (up 0.7%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,406 (up 0.5%). The top gainers in the NSE Nifty include KOTAK MAHINDRA BANK (up 1.6%), INDUSIND BANK (up 1.4%) and GAIL (up 1.4%). Other gainers include BHARTI INFRATEL (up 1.2%) and HCL TECHNOLOGIES (up 1.1%).

Over the last 12 months, the BSE Sensex has moved up from 33,836 to 37,934, registering a gain of 4,098 points (up 12.1%).

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 29.0x.



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