HDFC Bank shares hit record high on robust Q3 earnings

By IANS | Published: January 18, 2021 12:52 PM2021-01-18T12:52:04+5:302021-01-18T13:00:10+5:30

Mumbai, Jan 18 Shares of HDFC Bank surged to a record high on Monday on the back of ...

HDFC Bank shares hit record high on robust Q3 earnings | HDFC Bank shares hit record high on robust Q3 earnings

HDFC Bank shares hit record high on robust Q3 earnings

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Mumbai, Jan 18 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 Rs 1,503 per share. The bank's stock price, however, is off highs now, and around 12.20 p.m., the scrip was trading Rs 1,483.40, higher by Rs 17.05 or 1.16 per cent from its previous close.

On Saturday, the lending major reported an 18.1 per cent 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 Rs 8,758.3 crore on a year-on-year basis.

The bank's net revenues (net interest income plus other income) grew to Rs 23,760.8 crore during the period under review from Rs 20,842.2 crore for the quarter ended December 31, 2019.

( With inputs from IANS )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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