HDFC Bank trades higher on reporting 29% rise in Q1 consolidated net profit

17 Jul 2023 Evaluate

HDFC Bank is currently trading at Rs. 1673.00, up by 27.80 points or 1.69% from its previous closing of Rs. 1645.20 on the BSE.

The scrip opened at Rs. 1650.00 and has touched a high and low of Rs. 1674.80 and Rs. 1633.15 respectively. So far 512483 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1757.80 on 03-Jul-2023 and a 52 week low of Rs. 1338.30 on 19-Jul-2022.

Last one week high and low of the scrip stood at Rs. 1676.85 and Rs. 1627.20 respectively. The current market cap of the company is Rs. 1261939.88 crore.

The promoters holding in the company stood at 25.52%, while Institutions and Non-Institutions held 60.29% and 14.19% respectively.

HDFC Bank has reported results for first quarter ended June 30, 2023 (Q1FY24). 

The Bank has reported 29.97% rise in its net profit at Rs 11951.77 crore for the quarter under review as compared to Rs 9195.99 crore for the same quarter in the previous year. Total income of the bank increased by 39.12% at Rs 57816.67 crore for Q1FY24 as compared Rs 41560.27 crore for the corresponding quarter previous year.

On consolidated basis, the bank has reported 28.98% rise in its net profit at Rs 12403.25 crore for the quarter ended June 30, 2023 as compared to Rs 9616.67 crore for the same quarter in the previous year. Total income of the bank increased by 38.05% at Rs 61021.29 crore for Q1FY24 as compared Rs 44202.32 crore for the corresponding quarter previous year.

HDFC Bank Share Price

1772.05 -21.40 (-1.19%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 1772.05
ICICI Bank 1285.70
Axis Bank 1072.10
Kotak Mahindra Bank 1743.55
Indusind Bank 930.00
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