HDFC Bank Jun 07 quarter strong results
By TMI | July 16, 2007
HDFC is one of the best private bank in India and as expected they have come up with very strong June 07 quarter results with profit of Rs 3,212.3 million up more than 900 million from last year same quarter profit of Rs 2,393 million. Total revenue incme also increased by 42% from same quarter previous year.
EPS of the share has also gained a lot and reached at 10 up almost 32% from previous year’s same quarter. Currently HDFC Bank stock is trading in range of 1160 to 1200 Rs/- and is approximately 20 times multiply of PE which is reasonable good valuation. Looking at the strong growth, long term prospect of this stock is extremely positive and is outperformer in banking sector.
Topics: Buzzing Stocks, Latest Results |
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