HDFC BANK share price has hit an all-time high at Rs 2,251 (up 1.1%).
Meanwhile, the BSE BANKEX Index is at 32,960 (up 1.6%).
Among the top gainers in the BSE BANKEX Index today are HDFC BANK (up 1.1%) and INDUSIND BANK (up 1.5%).
YES BANK (down 1.6%) is among the top loser today.
Over the last one year, HDFC BANK has moved up from Rs 1,865 to Rs 2,251, registering a gain of Rs 386 (up 20.6%).
The BSE BANKEX has moved up from 28,061 to 32,960, registering a gain of 4,899 points (up 17.3%) during the last 12 months.
The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 38.6%), ICICI BANK (up 28.7%) and KOTAK MAHINDRA BANK (up 22.6%).
What About the Benchmark Indices?
The BSE Sensex is at 38,105 (up 0.8%). The top gainers among the BSE Sensex stocks today are TCS (up 3.3%), POWER GRID (up 2.8%) and SBI (up 1.9%). Other gainers include NTPC (up 1.8%) and WIPRO (up 1.7%). The most traded stocks in the BSE Sensex are ICICI BANK and SBI.
In the meantime, NSE Nifty is at 11,452 (up 0.8%). The top gainers in the NSE Nifty include KOTAK MAHINDRA BANK (up 4.6%), TCS (up 3.5%) and IOC (up 3.1%). Other gainers include ZEE ENTERTAINMENT (up 3.1%) and POWER GRID (up 3.0%).
Over the last 12 months, the BSE Sensex has moved up from 33,836 to 38,105, registering a gain of 4,269 points (up 12.5%).
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 29.2x. p >
This article (HDFC BANK at All Time High; BSE BANKEX Index Up 1.6%) is authored by Equitymaster.