Monday, December 30, 2019

HDFC Bank surges on emerging as largest lender to MSMEs in Punjab

HDFC Bank is currently trading at Rs. 1287.30, up by 12.40 points or 0.97% from its previous closing of Rs. 1274.90 on the BSE.

The scrip opened at Rs. 1280.00 and has touched a high and low of Rs. 1288.50 and Rs. 1280.00 respectively. So far 17971 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1304.10 on 19-Dec-2019 and a 52 week low of Rs. 1011.50 on 31-Jan-2019.


Last one week high and low of the scrip stood at Rs. 1303.70 and Rs. 1265.10 respectively. The current market cap of the company is Rs. 705714.94 crore.

The promoters holding in the company stood at 26.21%, while Institutions and Non-Institutions held 58.90% and 14.89% respectively.

HDFC Bank has emerged as the largest lender to MSMEs in Punjab. Its loan book in the state has touched Rs 8,921 crore as of September 30, 2019 and is now the largest bank for Micro Small and Medium Enterprises in the state with a market share of over 16%.

In the last 21 years in Punjab, the Bank has supported over 15,000 such enterprises that form the engine of economic growth in more than 150 cities and towns covering all 22 districts.

HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.

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