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HDFC Bank shines on reporting 23% rise in Q2 consolidated net profit

HDFC Bank is currently trading at Rs. 1246.70, up by 17.50 points or 1.42% from its previous closing of Rs. 1229.20 on the BSE.

The scrip opened at Rs. 1257.00 and has touched a high and low of Rs. 1257.00 and Rs. 1241.70 respectively. So far 73378 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 1285.00 on 23-Sep-2019 and a 52 week low of Rs. 942.20 on 31-Oct-2018.

Last one week high and low of the scrip stood at Rs. 1257.00 and Rs. 1198.20 respectively. The current market cap of the company is Rs. 672466.30 crore.

The promoters holding in the company stood at 26.21%, while Institutions and Non-Institutions held 58.90% and 14.89% respectively.

HDFC Bank has reported 26.75% rise in its net profit at Rs 6,344.99 crore for the quarter ended September 30, 2019 under review as compared to Rs 5,005.73 crore for the same quarter in the previous year. Total income of the bank increased by 19.63% at Rs 33,755.00 crore for Q2FY20 as compared Rs 28,215.15 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported a rise of 22.74% in its net profit at Rs 6,648.80 crore for the quarter ended September 30, 2019 under review as compared to Rs 5,417.10 crore for the same quarter in the previous year. Total income of the bank increased by 19.94% at Rs 36,130.96 crore for Q2FY20 as compared Rs 30,124.49 crore for the corresponding quarter previous year.

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