HDFC Bank Share Market: On Monday, the benchmark index Sensex and Nifty could not maintain the initial gains in the local stock market and closed with a decline. At the same time, the share of HDFC Bank, the largest bank in the private sector, closed with a rise of about three percent. Among the companies listed on the Sensex, the share of HDFC Bank has seen the highest rise.

The bank's net profit has increased by six percent on a consolidated basis in the July-September quarter. The news of the bank's profit increase led to a rise in its stock. The bank's stock closed at Rs 1,728.80, up 2.83 percent on the BSE. During the day's trading, it rose 3.98 percent to reach Rs 1,748.20. On the NSE, it rose 2.56 percent to Rs 1,725. 

The bank's profit also increased.

At the same time, the market valuation of the bank increased by Rs 36,360.66 crore to Rs 13,19,208.95 crore. During the day, 14 lakh shares of the bank were traded on BSE, and 232.74 lakh shares were traded on NSE. 

Private sector HDFC Bank had informed the stock market on Saturday that its profit on a consolidated basis has increased by six percent to Rs 17,825.91 crore in the July-September quarter of the current financial year 2024-25. On a standalone basis, the net profit of the largest private sector bank rose to Rs 16,820.97 crore in the period under review, from Rs 15,976.11 crore in the same period a year ago.

HDB Financial Services' IPO will come soon

The board of directors of HDFC Bank has approved the sale of shares worth Rs 12,500 crore, including an offer for sale (OFS) of Rs 10,000 crore, of its subsidiary HDB Financial Services. 

According to the bank, the initial public offering (IPO) will be for such number of equity shares of face value of Rs 10 each of HDB Financial Services, aggregating up to Rs 12,500 crore, comprising a fresh issue of Rs 2,500 crore and an OFS of up to Rs 10,000 crore.