1. HDFC Bank shares extend gains; mcap tops Rs 4 lakh crore

HDFC Bank shares extend gains; mcap tops Rs 4 lakh crore

HDFC Bank shares went up over 1 per cent today, rising for the eight consecutive day, taking its market valuation past the Rs 4 lakh crore mark.

By: | New Delhi | Published: April 27, 2017 10:54 PM
The stock gained 1.28 per cent to end at Rs 1,567.25 on BSE. During the day, it went up by 1.6 per cent to Rs 1,572.30 — its 52-week high. (Reuters)

HDFC Bank shares went up over 1 per cent today, rising for the eight consecutive day, taking its market valuation past the Rs 4 lakh crore mark. The stock gained 1.28 per cent to end at Rs 1,567.25 on BSE. During the day, it went up by 1.6 per cent to Rs 1,572.30 — its 52-week high. At NSE, shares of the company rose by 1.15 per cent to close at Rs 1,568.60. At close of trade today, the company commanded a market valuation of Rs 4,01,614.98 crore. With this, the company has joined the likes of RIL and TCS who have a market capitalisation (m-cap) of over Rs 4 lakh crore.

On the volume front, 1.97 lakh shares of HDFC Bank were traded on BSE and over 40 lakh shares changed hands at NSE during the day. In eight trading sessions, the stock has surged over 9 per cent, adding Rs 33,620.98 crore to the company’s market valuation. Market experts said the March quarter earnings is driving the rally in the stock. HDFC Bank has reported an 18.2 per cent growth in net profit at Rs 3,990 crore for the March quarter.

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