HDFC Bank stock up 1% ahead of results

The bank is scheduled to announce its September quarter earnings today.

Shares of HDFC Bank is trading higher by 1% at Rs. 1,102 on BSE today. The bank is scheduled to announce its September quarter earnings today.

Banks like HDFC Bank are expected to report benign stress whereas other private banks and host of public banks face the risk of reporting significant slippages (partially from the restructured book). PAT is expected to rise 5% qoq and 19% yoy.

The scrip opened at Rs. 1100 and has touched a high and low of Rs. 1103.9 and Rs. 1097.8 respectively. So far 222034(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 275779.93 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1127.9 on 21-Jul-2015 and a 52 week low of Rs. 887.7 on 30-Oct-2014. Last one week high and low of the scrip stood at Rs. 1102 and Rs. 1065.75 respectively.

The promoters holding in the company stood at 21.57 % while Institutions and Non-Institutions held 43.35 % and 16.3 % respectively.

The stock is currently trading below its 100 DMA.