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STOCK MARKET

HDFC Bank Ltd Up for Fifth Session

Picture Source: Internet

On NSE, HDFC Bank Ltd is quoting Rs 1631.7, up 0.78 per cent. The stock hit a high of 6.59 per cent in 2021 compared to a 2.86 per cent jump in NIFTY and an 11.72 per cent jump in the Nifty Bank.

On 16 November 2022, HDFC Bank Ltd is up for a fifth straight session. The stock is quoting at Rs 1631.7, up 0.78 per cent. The benchmark NIFTY is up around 0.04 per cent. The Sensex is at 61979.77, up 0.17 per cent. HDFC Bank Ltd gained around 12.8 per cent in October.

Meanwhile, the Nifty Bank index of which HDFC Bank Ltd gained around 6.46 per cent in October is up 0.3 per cent. The volume in the stock stood at 29.14 lakh shares on 16 November compared to the daily average of 71.82 lakh shares in October.

In the November futures contract, the stock is quoting at Rs 1633.55, up 0.42 per cent. HDFC Bank Ltd is up 6.59 per cent in 2021 compared to a 2.86 per cent jump in NIFTY and an 11.72 per cent jump in the Nifty Bank index. As of September 2022, the PE of the stock is 22.46 based on TTM earnings.

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