Latest News
-
Trade Setup: Mixed Results From HDFC Bank, RIL Stall Nifty Momentum; Global Economic Data In Focus -
Rs 5/Share Dividend: Record Date On 13th June; Buy The Auto Stock? -
Stock Market Live Updates: Market Likely To Open With Healthy Gains, Nifty Seen Above 22,450 -
IRCTC vs Cochin Shipyard: Which PSU Stock Has Higher Upside Potential? Sumeet Bagadia Answers -
Swing Trading Guide: 3 Stock Picks By VLA Ambala On Wednesday, April 24 -
Indian Railway Finance Corp (IRFC): Top NBFC Railway Stock Advised To BUY; Short-To-Long Term Target Prices -
2 Multibagger Defence To Shield Your Money, Buy On April 24; Prabhudas Sets Target Prices, Stop Loss -
Rs 3.5/Share Dividend Declared: NBFC Declares 55.5% YoY Surge In PAT, Shares Up 87% In 1-Yr -
Rs 118/Share Dividend: Healthcare Stock Below Rs 400 Turned Ex-Dividend, Payout Soon; Buy For Rs 515 Target -
6,693% Returns: Below Rs 75, Pharma Penny Stock Ex-Dividend For Rs 40/Sh Payout After 9 Years; Do You Own?
HDFC Bank Share Price Hits Record High
Extending gains for the fourth consecutive trading session, shares of HDFC Bank rose as much as 0.94 percent on Friday to hit an all-time high of Rs 2,378 apiece on NSE. The stock hit a new 52-week high in the previous trading session as well.
The stock has gained 4 percent in the past five days and 3.5 percent in the last 30 days. According to Bloomberg data, the scrip was trading 24 times its earnings per share (EPS) for the coming year.
NSE's banking stock index, Nifty Bank, rose over 1 percent to hit an intraday high of 30,121.75 points. Nifty 50 fluctuated throughout the day, touching a high of 11,770.90. It previously closed at 11,724.75.
Banking shares have been rallying for the second straight session.
A total of 16 stocks listed on NSE have touched 52-week highs on Friday, including, Bata India, Kotak Mahindra Bank, Bajaj Finance and Reliance Industries Limited.
