HDFC Bank lost 1.39% to Rs 1675 at 12:54 IST on BSE, after the bank’s American depository receipt, or ADR, tumbled 5.17% to $128.12 on the New York Stock Exchange on Tuesday, 12 January 2010.
Meanwhile, the BSE Sensex was down 91.20 points, or 0.52%, to 17,339.65.
On BSE, 1.62 lakh shares were traded in the counter as against an average daily volume of 81,841 shares in the past one quarter.
The stock hit a high of Rs 1690 and a low of Rs 1661.25 so far during the day. The stock hit a lifetime high of Rs 1836 on 8 December 2009 and a 52-week low of Rs 774 on 6 March 2009.
The large-cap banking scrip underperformed the market over the past one month till 12 January 2010, falling 4.75% as compared to the Sensex’s 1.77% rise. It had also underperformed the market in the past one quarter, declining 0.10% as compared to the Sensex’s return of 2.32%.
The bank’s equity capital is Rs 456.12 crore. Face value per share is Rs 10.
The current price of Rs 1675 discounts the bank’s Q2 September 2009 annualized EPS of Rs 64.34, by a PE multiple of 26.03.
HDFC Bank will announce its Q3 December 2009 results on 15 January 2010. The bank’s net profit rose 30.2% to Rs 687.46 crore on 7.9% increase in total income to Rs 4999.29 crore in Q2 September 2009 over Q2 September 2008.
HDFC Bank offers a wide range of services to the global corporate sector. The bank provides corporate banking and custodial services and is active in the treasury and capital markets. HDFC Bank also markets project advisory services and capital market products such as Global deposit receipts, Euro currency loans, and Euro currency bonds.
Slump in ADR weighs on HDFC Bank
HDFC Bank lost 1.39% to Rs 1675 at 12:54 IST on BSE, after the bank’s American depository receipt, or ADR, tumbled 5.17% to $128.12 on the New York Stock Exchange on Tuesday, 12 January 2010.
Meanwhile, the BSE Sensex was down 91.20 points, or 0.52%, to 17,339.65.
On BSE, 1.62 lakh shares were traded in the counter as against an average daily volume of 81,841 shares in the past one quarter.
The stock hit a high of Rs 1690 and a low of Rs 1661.25 so far during the day. The stock hit a lifetime high of Rs 1836 on 8 December 2009 and a 52-week low of Rs 774 on 6 March 2009.
The large-cap banking scrip underperformed the market over the past one month till 12 January 2010, falling 4.75% as compared to the Sensex’s 1.77% rise. It had also underperformed the market in the past one quarter, declining 0.10% as compared to the Sensex’s return of 2.32%.
The bank’s equity capital is Rs 456.12 crore. Face value per share is Rs 10.
The current price of Rs 1675 discounts the bank’s Q2 September 2009 annualized EPS of Rs 64.34, by a PE multiple of 26.03.
HDFC Bank will announce its Q3 December 2009 results on 15 January 2010. The bank’s net profit rose 30.2% to Rs 687.46 crore on 7.9% increase in total income to Rs 4999.29 crore in Q2 September 2009 over Q2 September 2008.
HDFC Bank offers a wide range of services to the global corporate sector. The bank provides corporate banking and custodial services and is active in the treasury and capital markets. HDFC Bank also markets project advisory services and capital market products such as Global deposit receipts, Euro currency loans, and Euro currency bonds.