HDFC Bank spurts as FII hike stake during March quarter

          HDFC Bank is currently trading at Rs. 662.90, up by 20.55 points or 3.20% from its previous closing of Rs 642.35 on the BSE.
          The scrip opened at Rs 644.70 and has touched a high and low of Rs 662.90 and Rs 642.65 respectively. So far 89865 shares were traded on the counter.
          The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 705.00 on 30-Nov-2012 and a 52 week low of Rs 482.30 on 23-May-2012.
         Last one week high and low of the scrip stood at Rs 646.00 and Rs 618.00 respectively. The current market cap of the company is Rs 157006.42 crore.
         The promoters holding in the company stood at 22.83 % while Institutions and Non-Institutions held 42.66 % and 17.43 % respectively.
          Foreign Institutional Investors (FIIs) upped their holding in HDFC Bank from 33.66% to 34.07% during the January-March 2013 quarter. Additionally, the non-institutional investors (NIIs), which include small retail investors and HNI’s, too increased their stake marginally during the same quarter from 17.3% to 17.43%.
          HDFC Bank is one of India's premier banks providing a wide range of financial products and services to its 21 million customers across hundreds of Indian cities using multiple distribution channels including a pan- India network of branches, ATMs, phone banking, net banking and mobile banking. It currently has 2,776 branches and 10,490 ATMs across the country. [via]

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