on Tuesday became the third Indian company to cross the Rs 15 lakh crore mark in market capitalisation, joining the elite club alongside and (TCS).
The market cap of HDFC Bank hit Rs 15,01,289.37 crore, supported by consistent share price appreciation to Rs 1961.90 and strong investor interest.
at Rs 10.08 lakh crore and at Rs 10.56 lakh crore are among the next in line in terms of market cap.
also hit a 52-week high of Rs 1,970.65 in today’s trading session, seeing active participation in the market. The total traded quantity (TTQ) of the stock stood at 8.91 lakh shares, with a 2-week average quantity of 4.89 lakh.
Additionally, the stock recorded a turnover of Rs 174.37 crore, underlining healthy trading volumes.
The bank’s shares have witnessed a sustained rally in recent months. Over the last one year, the stock has gained nearly 30%. The momentum has been particularly strong in the last three months, with a gain of 17.83%. Even on a year-to-date (YTD) basis, HDFC Bank shares are up 10.07%, reflecting investor confidence.
In shorter durations too, the stock has displayed robust strength.
HDFC Bank Q4 results
HDFC Bank posted robust results for the fourth quarter ended March 2024. India’s largest private lending bank profit after tax at Rs 17,616 crore, up by 6.7% YoY, while its net interest income (NII) was up by 10.3% YoY to Rs 32,070 crore.