HDFC Bank inches up on the bourses

HDFC Bank is currently trading at Rs. 787.80, up by 0.60 points or 0.08% from its previous closing of Rs. 787.20 on the BSE. The scrip opened at Rs. 786.00 and has touched a high and low of Rs. 795.00 and Rs. 780.00 respectively. So far 37398 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 800.40 on 13-May-2014 and a 52 week low of Rs. 528.00 on 28-Aug-2013. Last one week high and low of the scrip stood at Rs. 800.40 and Rs. 712.20 respectively. The current market cap of the company is Rs. 189633.79 crore. The promoters holding in the company stood at 22.64% while Institutions and Non-Institutions held 44.00% and 16.40% respectively. HDFC Bank, the country’s second largest private sector bank has opened two new branches at Pathwal and Reasi areas in Jammu & Kashmir (J&K). With this, the bank now has 67 branches in J&K. The new branches set up in the rural areas will offer the full range of world-class banking solutions to meet the needs of the local populace. HDFC Bank has reported a rise of 23.11% in its net profit at Rs 2326.52 crore for the quarter ended March 31, 2014 as compared to Rs 1889.84 crore for the same quarter in the previous year. Total income of the bank has increased by 14.94% at Rs 12789.98 crore for quarter under review as compared to Rs 11127.54 crore for the quarter ended March 31, 2013.