The country’s second largest private sector lender, HDFC Bank, fell over 1 per cent on the Bombay Stock Exchange, despite the company posting a robust growth in profit.
HDFC Bank settled at Rs 1,360.40, down 1.03 per cent on the BSE. The scrip had opened strong in the morning trade but later touched the day’s low at Rs 1,342.50, down 2.32 per cent over the previous close.
Similar movement was witnessed on the National Stock Exchange, where the scrip dipped 0.82 per cent to close the day at Rs 1,362.55.
HDFC Bank reported 30.53 per cent increase in net profit at Rs 606.11 crore for the first quarter ended June 30, 2009, compared to Rs 464.35 crore in the year-ago period, the company said in a filing to the BSE.
The total income of the bank rose 22 per cent to Rs 5,136.75 crore during the first quarter of FY 2010 from Rs 4,215.15 crore in the corresponding period a year-ago.
On the volume front good movement was seen and over 30 lakh shares got traded on both the bourses. The 30-share Sensex zoomed 453.38 points to close at 13,853.70 points.