HDFC Bank Ltd.

HDFC Bank is currently trading at Rs. 953.80, up by 8.90 points or 0.94% from its previous closing of Rs. 944.90 on the BSE.

The scrip opened at Rs. 942.05 and has touched a high and low of Rs. 958.70 and Rs. 940.00 respectively. So far 215287 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 950.00 on 24-Nov-2014 and a 52 week low of Rs. 618.00 on 04-Feb-2014.

Last one week high and low of the scrip stood at Rs. 950.00 and Rs. 912.05 respectively. The current market cap of the company is Rs. 230025.93 crore.

The promoters holding in the company stood at 22.50 % while Institutions and Non-Institutions held 43.69 % and 16.95 % respectively.

HDFC Bank has received foreign investment promotion board’s (FIPB) approval to increase foreign investment to 74%. The approval ends the uncertainty over foreign investments in India’s most valuable bank and clears the decks for its proposed capital raising.  The bank may, however, have to pay a penalty for breaching the permitted foreign investment limit, which would be decided by the RBI. The FIPB has counted parent HDFC’s 22.5% stake in the bank as foreign investment, which means the total foreign holding in the bank is already close to the 74% limit in the sector. Effectively, the FIPB has only regularised the existing foreign investment in the bank and there's no room for further foreign investment.