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25 Apr 2011

HDFC Stock Split and Effect on its Stock Price

India's second largest private sector bank by net profit HDFC Bank rose 1.36% with the stock gaining for the third straight day triggered by strong Q4 results and on announcement of 5-for-1 stock split. Net profit rose 33.23% to Rs 1114.71 crore on 34.38% rise in total income to Rs 6724.31 crore in Q4 March 2010 over Q4 March 2010.

The board of directors of the bank also approved a 5-for-1 stock-split while approving the results. The result and stock-split announcements were made after trading hours on Monday 18 April 2011.

Read More about Stock Split benefit and keep watch on stock splits in the future.

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