HDFC Bank share price hit an all-time high on Thursday, November 28, as the private lender's market capitalisation topped ₹14 lakh crore for the first time.
Shares of HDFC Bank climbed to a record high of ₹1,836.10, reflecting an increase of 1.31% on the National Stock Exchange (NSE) intraday. However, the stock pared gains and was trading 0.3% lower to ₹1,806.30 apiece at 11:20 a.m.
Meanwhile, equity benchmark indices NIFTY50 and SENSEX slumped on Thursday amid declines in technology stocks like Infosys, Tech Mahindra, Tata Consultancy Services and HCLTech.
From the NIFTY50 space, Infosys, Tech Mahindra, Mahindra & Mahindra, HCL Technologies and Tata Consultancy Services were among the laggards. Adani Enterprises, State Bank of India, HDFC Life, Coal India and SBI Life were among the gainers.
India's biggest lender reported a 5% increase in its standalone profit after tax (PAT) to ₹16,821 crore in the second quarter of the financial year ended September 2024. A year ago, the bank reported a post-tax profit of ₹15,976 crore.
Net Interest Income (NII) enhanced to ₹30,110 crore during the quarter under review, from ₹27,390 crore in the July-September quarter of the previous year, registering a 10% growth.