HDFC BANK Surges by 13%; BSE BANKEX Index Up 8.8%

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Markets will remain closed on 14th April, 2021 on account of Dr. Baba Saheb Ambedkar Jayanti.

HDFC BANK Surges by 13%; BSE BANKEX Index Up 8.8%
Wed, 25 Mar 03:34 PM

HDFC BANK share price has zoomed 13% and is presently trading at Rs 868.

Meanwhile, the BSE BANKEX Index is at 21,630 (up 8.8%).

Among the top Gainers in the BSE BANKEX Index today are HDFC BANK (up 12.9%) and KOTAK MAHINDRA BANK (up 12.6%).

INDUSIND BANK (down 3.7%) and YES BANK (down 15.7%) are among the top losers today.

Over the last one year, HDFC BANK has moved down from Rs 1,141 to Rs 868, registering a loss of Rs 273 (down 24.3%).

On the other hand, the BSE BANKEX has moved down from 32,724 to 21,630, loss of 11,094 points (down 34.7%) during the last 12 months.

Revealed: 3 Stocks for Potentially Massive Gains

What About the Benchmark Indices?

The BSE Sensex is at 28,790 (up 6.8%).

The top gainers among the BSE Sensex stocks today are RELIANCE IND. (up 13.4%), HDFC BANK (up 12.9%) and KOTAK MAHINDRA BANK (up 12.6%). Other gainers include MARUTI SUZUKI (up 10.5%) and HDFC (up 10.0%). The most traded stocks in the BSE Sensex are RELIANCE IND. and SBI.

In the meantime, NSE Nifty is at 8,377 (up 6.3%). The top gainers in the NSE Nifty include RELIANCE IND. (up 13.7%), HDFC BANK (up 12.1%) and KOTAK MAHINDRA BANK (up 11.9%). Other gainers include UPL (up 11.4%) and MARUTI SUZUKI (up 10.6%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,809 to 28,790, registering a loss of 9,019 points (down 24.67%).

HDFC BANK Financial Update...

HDFC BANK net profit stood at Rs 74 billion for the quarter ended December 2019, compared to a profit of Rs 56 billion a year ago. Operating income rose 13.4% to Rs 293.7 billion during the period as against Rs 258.9 billion in October-December 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 9.3x.

What else is happening in the markets today? Dig in...

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