HDFC Bank declined 1.15% to Rs 1154.70 in afternoon trading in spite of reporting 34.24% increase in net profit in Q1 June 2007.
The quarterly outcomes were declared during the market hours today 10 July 2007.
The scrip hit an intraday high of Rs 1185.95 and an intraday low of Rs 1145.60 during the day. On 28 May 2007, it has had its 52 week high of Rs 1274 and a 52 week low of Rs 693.10 on 19 July 2006.
BSE's banking share index ‘Bankex’ had surged 153.28 points, or 1.92%, to 8,143.76 in noon trades on anticipations that interest rates may diminish because of lower inflation.
The existing level is a record high for the Bankex. It also hit a low of 8,019.66 during the day. On 19 July 2006, the Bankex had touched a 52-week low of 4,032.39.
State Bank of India (SBI) boosted 3.21% to Rs 1580, ICICI Bank 1.64% to Rs 966.25, HDFC Bank 0.34% to Rs 1150, Bank of India 0.26% to Rs 228.20, Punjab National Bank (PNB) 2.55% to Rs 541.80.
On the other hand, ICICI Bank, State Bank of India and HDFC bank showed weightages of 40.36%, 17.12% and 13.83%, correspondingly, in the Bankex.