Trending stocks: HDFC Bank shares gain 3% as Nifty surges

NEW DELHI: Shares of HDFC Bank traded 2.76 per cent up in Friday 's trade at 10:34AM (IST).

Around 2252843 shares changed hands on the counter. The stock opened at Rs 912.85 and touched an intraday high and low of Rs 920.85 and Rs 903.3 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 1303.7 and a 52-week low of Rs 742.5 .


Macquarie has an outperform rating on HDFC Bank with a target price of ₹1,124 after media reports said the bank has identified three contenders to succeed MD Aditya Puri who is slated to retire in October this year.

Financials
HDFC Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 483104.95 Crore).

HDFC Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 77544.19 Crore to Sales Value (78.34 % of Total Sales), Income From Investment which contributed Rs 19997.46 Crore to Sales Value (20.20 % of Total Sales) and Interest which contributed Rs 794.70 Crore to Sales Value (0.80 % of Total Sales)for the year ending 31-Mar-2019.

Promoter holding
Promoters held 21.239557 per cent stake in the company as of quarter ended 31st Dec 2019 .

Valuation ratio
It quoted a price-to-earnings ratio of 19.04 and price to book value of 1.61.