IDFC Bank slips 2%; posts profit of Rs. 242.16 crore for the quarter

IDFC Bank posted a net profit of Rs 242.16 crore for the quarter.

IDFC Bank ended lower 1% at Rs. 50. The bank posted a net profit of Rs 242.16 crore for the quarter; NII was at Rs 404 crore and a non-interest income of Rs 200 crore, which included Rs 170 crore in treasury gains. 

The scrip opened at Rs. 52 and has touched a high and low of Rs. 52.4 and Rs. 49.6 respectively. So far 2751101(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 17149.71 crore.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 73.45 on 06-Nov-2015 and a 52 week low of Rs. 43.15 on 21-Jan-2016. Last one week high and low of the scrip stood at Rs. 51 and Rs. 43.15 respectively.

The promoters holding in the company stood at 52.98 % while Institutions and Non-Institutions held 38.03 % and 8.98 % respectively.

The stock is currently trading above its 50 DMA.