HDFC Shares Hit All time High on BSE; Market Cap Touches Rs.5Lakh Crore

The rising shares of HDFC has touched Rs.5lakh crore for the first time after the large cap stock hit its all-time high on BSE and NSE. The share has achieved 14.1 percent in one year and elevated 8.65 percent since the beginning of this year. HDFC share rose 1.81 percent to Rs 2,808 against previous close of Rs.2, 758 on BSE. The share opened at Rs 2,754.

On BSE, 94,616 shares changed hands amounting to turnover of Rs 26.36 crore. HDFC share is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages.

Market cap of the private sector lender rose to Rs 5.01 lakh crore. On NSE, the share hit all-time high of Rs 2,809 against previous close of Rs 2,760.60. The share opened at Rs 2,746 today. Total 24.11 lakh shares changed hands on NSE in afternoon session.

In Q3 of the current fiscal, the firm reported a 65 percent year-on-year decline in net profit for the quarter ending December at Rs 2,925.8 crore compared to net profit of Rs 8,372 crore in the same quarter last year. Total revenue from operations stood at Rs 11,707 crore as compared to Rs 20,285.47 during the same period last year, reporting a 42.3 percent fall.

The company said the profit numbers for Q3FY20 are not directly comparable with that of previous year as it included earnings of Gruh Finance. RailTel share's grey market premium rises to 42percent ahead of IPO

Net interest income (NII) for the quarter terminated by December 31, 2020, stood at Rs 4,068 crore compared to Rs 3,240 crore in the previous year, representing a growth of 26 percent. After the above allotment, the paid-up share capital of the corporation is over Rs 360.38 crore consisting of 180.19 crore equity shares of Rs 2 each, it added.