Bank of Baroda is the top loser in the Nifty PSU Bank index. The stock is trading lower by nearly 3% at Rs 175 per share. The select private bank stocks are trading in positive territory. HDFC Bank has come up with strong financial results for the quarter ended on March 31, 2017. The bank reported around 18% rise in its net profit on a YoY basis.
The HDFC Bank stock witnessed a sharp surge in the post-lunch hours, and touched its fresh 52-week high of Rs 1491.8 per share, up by 2%.
The other private bank stocks like ICICI Bank, Yes Bank and Axis Bank are trading lower by up to 2% each in Friday’s trading session. The Bank Nifty index is trading lower by 0.4% at 21397. Bank of Baroda and ICICI Bank are dragging the index down.
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