Stock market news: HDFC Bank shares trade flat in early session

NEW DELHI: Shares of HDFC Bank Ltd. traded 0.28 per cent up in Monday's trade at 11:32AM (IST). Around 452939 shares changed hands on the counter. The stock opened at Rs 1220 and touched an intraday high and low of Rs 1228.8 and Rs 1196.8, respectively, in the session so far.

The stock quoted a 52-week high of Rs 1305.5 and a 52-week low of Rs 738.75.

HDFC Bank reported a 16 per cent rise in its consolidated net profit to Rs 7,703 crore for the second quarter ended on September 30, 2020. Total consolidated income during the quarter under review rose to Rs 38,438.47 crore from Rs 36,130.96 crore in July-September 2019, the bank said in a release.

Financials
HDFC Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 664076.64 Crore).

HDFC Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 91787.88 Crore to Sales Value (79.94 per cent of Total Sales), Income From Investment which contributed Rs 20633.32 Crore to Sales Value (17.97 per cent of Total Sales), Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 1828.93 Crore to Sales Value (1.59 per cent of Total Sales) and Interest which contributed Rs 562.52 Crore to Sales Value (0.48 per cent of Total Sales) for the year ending 31-Mar-2020.

Promoter holding
Promoters held 21.21 per cent stake in the company as of quarter ended 31st Jun 2020.

Valuation ratio
It quoted a price-to-earnings ratio of 23.11 and price to book value of 2.68.