HDFC Bank diluted 0.2% to Rs 1197.15 on pricing its 6.6-million American Depository Receipts at $92.10 each.
The scrip hit a high of Rs 1,218 and a low of Rs 1,192.30 during the day. On 28 May 2007, the scrip touched a 52-week high of Rs 1,274 and a 52-week low of Rs 693.10 on 19 July 2006.
The HDFC Bank stock had developed 10.27% within the one month period to 17 July 2007 as against Sensex’s return of 8.59%. The scrip had outperformed the market over the past quarter, going down 22.41% as compared to the Sensex’s increase of 11.83%.
Kolkata: Hampered by the shocking record in priority segment lending in eastern region, Oriental Bank of Commerce (OBC) held a meeting of all the 44 section heads in the region including West Bengal, Sikkim and Assam to fix up schemes to raise the bank’s exposure towards this sector.