HDFC BANK at All Time High; BSE BANKEX Index Up 0.2%

HDFC BANK share price has hit an all-time high at Rs 2,203 (up 1.21%).

Meanwhile, the BSE BANKEX Index is at 30,111 (up 0.16%).

Among the top gainers in the BSE BANKEX Index today are HDFC BANK (up 1.21%) and INDUSIND BANK (up 0.20%)

SBI (down 0.02%) and AXIS BANK (down 0.30%) are among the top losers today.

Over the last one year, HDFC BANK has moved up from Rs 1,683 to Rs 2,203, registering a gain of Rs 520 (up 30.92%).

The BSE BANKEX has moved up from 27,216 to 30,111, registering a gain of 2,895 points (up 10.11%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were KOTAK MAH. BANK (up 43.70%), HDFC BANK (up 30.92%) and YES BANK (up 24.00%).

What About the Benchmark Indices?

The BSE Sensex is at 36,748 (up 0.31%). The top gainers among the BSE Sensex stocks today are ONGC (up 1.67%), ADANI PORTS & SEZ (up 1.65%) and SUN PHARMA (up 1.44%). Other gainers include HDFC BANK (up 1.21%) and YES BANK (up 0.77%). The most traded stocks in the BSE Sensex are YES BANK and SUN PHARMA.

In the meantime, NSE Nifty is at 11,076 (up 0.44%). The top gainers in the NSE Nifty include INDIABULLS HOU. FIN. (up 2.69%), ZEE ENTERTAINMENT (up 2.34%) and ONGC (up 1.76%). Other gainers include EICHER MOTOR (up 1.64%) and SUN PHARMA (up 1.59%).

Over the last 12 months, the BSE Sensex has moved up from 32,075 to 36,748, registering a gain of 4,673 points (up 14.22%).

HDFC BANK Financial Update...

HDFC BANK net profit grew 11.5% YoY to Rs 48 billion for the quarter ended March 2018, compared to a profit of Rs 43 billion a year ago. Net Sales rose 3.6% to Rs 213.2 billion during the period as against Rs 205.8 billion in January-March 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.

This article was originally published in English at www.equitymaster.com

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