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HDFC Bank firms up after board approves stock split
23-May-19   09:33 Hrs IST

The announcement was made after market hours yesterday, 22 May 2019.

Meanwhile, the S&P BSE Sensex was up 609.16 points, or 1.56% to 39,719.37.

On the BSE, 18,000 shares were traded in the counter so far compared with average daily volumes of 1.44 lakh shares in the past two weeks. The stock had hit a high of Rs 2439.30 and a low of Rs 2410 so far during the day. The stock hit a 52-week high of Rs 2,449 on 21 May 2019. The stock hit a 52-week low of Rs 1,884.40 on 31 October 2018.

HDFC Bank said that its board approved sub-division of one equity share of face value of Rs 2 each to two equity shares of face value of Re 1 each.

HDFC Bank's net profit rose 22.63% to Rs 5,885.12 crore on 22.13% rise in total income to Rs 31,204.46 crore in Q4 March 2019 over Q4 March 2018.

HDFC Bank caters to a wide range of banking services covering commercial and investment banking on the wholesale side and transactional / branch banking on the retail side.

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