Friday, April 25, 2008

HDFC Bank banks on good Q4 numbers

The bank announced the results during trading hours today, 24 April 2008.

Meanwhile, the BSE Sensex was up 3.97 points, or 0.02%, to 16,702.01, as some Asian markets got a lift after a stamp duty cut to slash dealing costs gave the flagging Shanghai index in China a boost, while a modest dollar rebound supported exporters.

On BSE, 1.72 lakh shares were traded in the counter. The scrip had an average daily volume of 1.21 lakh shares in the past one quarter.

The stock hit a high of Rs 1475 and a low of Rs 1411 so far during the day. The stock had a 52-week high of Rs 1825 on 14 January 2008 and a 52-week low of Rs 976.05 on 24 April 2007.

The large-cap scrip had underperformed the market over the past one month till 23 April 2008, gaining 1.76% compared to the Sensex`s return of 2.96%. It had also underperformed the market in the past one quarter, declining 4.27% compared to Sensex`s decline of 3.04%.

The bank`s current equity is Rs 354.51 crore. Face value per share is Rs 10.

The current price of Rs 1454 discounts its Q3 December 2007 EPS of Rs 48.50, by a PE multiple of 29.98.

HDFC Bank`s net profit rose 39.31% to Rs 1,590.18 crore on 51.86% growth in total income to Rs 12,398.15 crore in FY March 2008 over FY March 2007.

HDFC Bank is one of the leading private sector banks in India.

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