HDFC BANK at All Time High; BSE BANKEX Index Up 1.2%

HDFC BANK share price has hit an all-time high at Rs 2,016 (up 1.04%).

Meanwhile, the BSE BANKEX Index is at 29,724 (up 1.16%).

Among the top gainers in the BSE BANKEX Index today are HDFC BANK (up 1.04%) and INDUSIND BANK (up 0.42%)

PNB (down 2.68%) is among the top loser today.

Over the last one year, HDFC BANK has moved up from Rs 1,551 to Rs 2,016, registering a gain of Rs 465 (up 29.62%).

The BSE BANKEX has moved up from 25,940 to 29,724, registering a gain of 3,784 points (up 14.48%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were KOTAK MAH. BANK (up 36.39%), INDUSIND BANK (up 32.32%) and HDFC BANK (up 29.62%).

What About the Benchmark Indices?

The BSE Sensex is at 35,571 (up 0.82%). The top gainers among the BSE Sensex stocks today are ASIAN PAINTS (up 6.35%), TATA STEEL (up 2.11%) and L&T (up 1.70%). Other gainers include ICICI BANK (up 1.50%) and HDFC (up 1.44%). The most traded stocks in the BSE Sensex are SBI and ICICI BANK.

In the meantime, NSE Nifty is at 10,812 (up 0.85%). The top gainers in the NSE Nifty include ASIAN PAINTS (up 5.53%), HPCL (up 3.54%) and VEDANTA LTD (up 2.52%). Other gainers include BPCL (up 2.45%) and INDIABULLS HOU. FIN. (up 2.20%).

Over the last 12 months, the BSE Sensex has moved up from 30,248 to 35,571, registering a gain of 5,323 points (up 17.48%).

HDFC BANK Financial Update...

HDFC BANK net profit grew 111.5% 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 103.6% to Rs 213.2 billion during the period as against Rs 205.8 billion in January-March 2017.

For the year ended March 2017, HDFC BANK reported 119.1% increase in net profit to Rs 152.1 billion compared to net profit of Rs 127.8 billion during FY16.

Revenue of the company grew 116.0% to Rs 733 billion during FY17.

The current Price to earnings ratio of HDFC BANK, based on rolling 12 month earnings, stands at 30.0x.

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

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