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HDFC Bank gains on the bourses

HDFC Bank is currently trading at Rs. 2171.40, up by 10.25 points or 0.38% from its previous closing of Rs. 2163.25 on the BSE.

The scrip opened at Rs. 2204.90 and has touched a high and low of Rs. 2212.00 and Rs. 2167.50 respectively. So far 52647 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 2502.90 on 03-Jul-2019 and a 52 week low of Rs. 1884.40 on 31-Oct-2018.

Last one week high and low of the scrip stood at Rs. 2241.55 and Rs. 2139.50 respectively. The current market cap of the company is Rs. 596740.77 crore.

The promoters holding in the company stood at 26.25%, while Institutions and Non-Institutions held 55.72% and 18.05% respectively.

HDFC Bank is feeling the consumption story is still on and will keep growing the unsecured lending business going forward. The bank’s quality of credit card portfolio is not yet affected by the broader economic realities and the stressed part is half that of the industry average.

HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.

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