HDFC Bank trades higher on BSE

HDFC Bank is currently trading at Rs. 754.55, up by 35.50 points or 4.94% from its previous closing of Rs. 719.05 on the BSE. The scrip opened at Rs. 719.30 and has touched a high and low of Rs. 756.75 and Rs. 719.30 respectively. So far 195850 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 760.50 on 25-Mar-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. 728.40 and Rs. 712.20 respectively. The current market cap of the company is Rs. 180053.66 crore. The promoters holding in the company stood at 22.64% while Institutions and Non-Institutions held 44.00% and 16.40% respectively. The 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. For the full year ended March 31, 2014, the bank has reported a rise of 26.05% in its net profit at Rs 8478.40 crore as compared to Rs 6726.28 crore for FY13. Total income has increased by 17.03% at Rs 49055.18 crore for year under review as compared to Rs 41917.49 crore for the year ended March 31, 2013. For the year ended March 31, 2014, on the consolidated basis, the group has posted a rise of 27.28% in its net profit at Rs 8743.49 crore as compared to Rs 6869.64 crore for the same period in the previous year. Total income of the bank has increased by 18.28% at Rs 50852.52 crore for year under review as compared to Rs 42993.99 crore for the period ended March 31, 2013.