Why HDFC Bank Share Is Falling In Early Trade Today? Trading 5.5% Away From Its 52-Week Low

The stock of HDFC Bank Ltd is witnessing a dip in early trade today. The share of the HDFC has fallen 1.04% till 11:22 am on July 18. The current market price of the stock is Rs 1347.40 apiece.

The stock has fallen 4.14% in 1 week while it has given a return of 4.51 in the last one month. In the last 3 months it has fallen 3.35% and 11.81% in 6 months. The stock has given a return of 59% in the last 5 years. The stock is now just 5.5% away from its 52-week low.

The 52-week high of the stock is Rs 1725 apiece and 52-week low is Rs 1271 apiece. The market capitalization of the stock is Rs 7,49,493 crore. It is a company with high TTM EPS growth. The PE of the stock is 19.67 and dividend yield is 1.15.

The stock of HDFC is witnessing a dip ever since it has it has declared its June quarter earnings earlier last week this month. The bank has announced a standalone net profit of Rs 9,195.99 crore for the quarter ended June, with a surge of 18.79% as from the year ago period. The bank's Net Interest Income recorded at Rs 19,481.40 crore, with a gain of 14.5% YoY. The surge in the NII was pushed by 23% growth in advances and 19% growth in deposits. The bank's total balance sheet registered a growth of 20.3%.

HDFC Bank is one of India's leading private banks and was among the first to receive approval from the Reserve Bank of India (RBI) to set up a private sector bank in 1994. Today, HDFC Bank has a banking network of 6,342 branches and 18,130 ATM's in 3,188 cities/towns, according to its official website.