HDFC Bank gains nearly 1% on quarterly earnings
Shares of HDFC Bank increased nearly 1 per cent after the private sector lender reported a 20 per cent rise in net profit for the December 2018 quarter.
Its shares gained 0.72 per cent to close at Rs 2,146.55 apiece on the BSE. During the day, it touched a high of Rs 2,165, up 1.58 per cent from the previous close.
Following the uptrend, the stock settled at Rs 2,145.40, a gain of 0.71 per cent, on the National Stock Exchange (NSE). It was trading at an intra-day high of Rs 2,166.50, 1.70 per cent higher from the previous close.
In terms of equity volume, 1.80 lakh shares were traded on the BSE, while over 43 lakh scrips of the bank changed hands on the NSE during the day.
The private sector lender Saturday reported a 20.3 per cent growth in net profit to Rs 5,585.9 crore for the third quarter ended December 31, mainly on account of higher net interest income (NII).
The bank had posted a net profit of Rs 4,642.6 crore in the October-December quarter of 2017-18.
Total income of the ...