Friday 22 April 2016

HDFC Bank Q4 net profit at Rs.3370 crore; in line with estimates

Q4 NII stood at Rs.7453 crore. HDFC Bank Ltd is currently trading at Rs. 1097, up by Rs. 5.95 or 0.55% from its previous closing of Rs. 1091.05 on the BSE.

HDFC Bank

HDFC Bank Ltd posted results for the fourth quarter ended 31st March, 2016.

The net profit for the quarter stood at Rs.3370 crore.

Q4 NII stood at Rs.7453 crore.

The Board of Directors of the Company at its meeting held on April 22, 2016, inter alia, have, recommended a dividend of Rs. 9.50/- per equity share of Rs. 2/- each (i.e. 475%) out of the net profits for the year ended March 31, 2016.

HDFC Bank Ltd is currently trading at Rs. 1097, up by Rs. 5.95 or 0.55% from its previous closing of Rs. 1091.05 on the BSE.
The scrip opened at Rs. 1098.75 and has touched a high and low of Rs. 1098.75 and Rs. 1085.65 respectively. So far 723906(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 275837.79 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. 928.8 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 1104.9 and Rs. 1072 respectively.

The promoters holding in the company stood at 21.49 % while Institutions and Non-Institutions held 43.5 % and 16.3 % respectively.

The stock is currently trading above its 200 DMA.

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