gopalakrishna

HDFC Bank was up marginally by 0.16% to Rs 1129 at 14:25 IST on BSE after the bank reported 44.55% jump in net profit to Rs 464.35 crore on 59.56% spurt in total income to Rs 4215.15 crore in Q1 June 2008 over Q1 June 2007.

Meanwhile, the BSE Sensex was up 111.56 points, or 0.78%, to 14,386.06.

On BSE, 3.24 shares were traded in the counter. The scrip had an average daily volume of 1.17 lakh shares in the past one quarter.

The stock hit a high of Rs 1153.90 and a low of Rs 1101 so far during the day. The stock had a 52-week high of Rs 1,825 on 14 January 2008 and a 52-week low of 890 on 16 July 2008.

India’s second largest private sector bank in terms of net profit had outperformed the market the market over the past one month till 25 July 2008, rising 4.95% compared to the Sensex’s decline of 1.02%. It underperformed the market in the past one quarter, sliding 24.76% compared to Sensex’s decline of 16.65%.

The bank has an equity capital of Rs 424.83 crore. Face value per share is Rs 5.

The current price of Rs 1,129 discounts its Q4 March 2008 annualised EPS of Rs 53.17, by a PE multiple of 21.23.

The results hit the market a little while ago. In its press release, the bank said that results are not comparable due to the merger of Centurion Bank of Punjab (CBoP) with HDFC Bank, which became effective on 23 May 2008. Shareholders of erstwhile CBoP were allotted 1 equity share of Rs 10 each of HDFC Bank for every 29 equity shares of Re 1 each held in CBoP.

The bank said that its distribution network has gone up to 1229 branches and 2526 ATMs in 444 cities as of 30 June 2008 from 761 branches and 1977 ATMs in 327 cities as of 31 March 2008.

HDFC Bank is one of the leading private sector banks in India.

__________________
[SIZE="2"][/size]