HDFC Bank's shares hit an all-time after its third quarter earnings beat street's expectation
Jan 18, 2021, 14:03 IST
Mumbai, Shares of HDFC Bank surged to a record high on Monday on the back of strong earnings reported for the October-November quarter.
Its shares on the BSE touched an all-time high of ₹1,503 per share. The bank's stock price, however, is off highs now, and around 12.20 p.m., the scrip was trading ₹1,483.40, higher by ₹17.05 or 1.16 per cent from its previous close.
On Saturday, the lending major reported an 18.1% increase in standalone net profit for the quarter ended December 31 of FY21 on a year-on-year basis.
The bank's net profit for the third quarter of FY21 rose to ₹8,758.3 crore on a year-on-year basis.
The bank's net revenues (net interest income plus other income) grew to ₹23,760.8 crore during the period under review from ₹20,842.2 crore for the quarter ended December 31, 2019.
SEE ALSO:
The startup behind Chhota Bheem, Motu Patlu and Shikari Shambhu is back with an IPO plan — after a series of acquisitions and fundraisings
The ₹4,600 crore IPO from IRFC is ‘attractive,’ and the best thing about the borrowing arm for Indian Railways is the assured margin
Advertisement
Its shares on the BSE touched an all-time high of ₹1,503 per share. The bank's stock price, however, is off highs now, and around 12.20 p.m., the scrip was trading ₹1,483.40, higher by ₹17.05 or 1.16 per cent from its previous close.
On Saturday, the lending major reported an 18.1% increase in standalone net profit for the quarter ended December 31 of FY21 on a year-on-year basis.
The bank's net profit for the third quarter of FY21 rose to ₹8,758.3 crore on a year-on-year basis.
The bank's net revenues (net interest income plus other income) grew to ₹23,760.8 crore during the period under review from ₹20,842.2 crore for the quarter ended December 31, 2019.
Advertisement
SEE ALSO:
The startup behind Chhota Bheem, Motu Patlu and Shikari Shambhu is back with an IPO plan — after a series of acquisitions and fundraisings
The ₹4,600 crore IPO from IRFC is ‘attractive,’ and the best thing about the borrowing arm for Indian Railways is the assured margin