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Shares of HDFC Bank hit record high on strong March quarter results.
Shares rose as much as much as 2.14 per cent to a record high of Rs 1,528.80. HDFC Bank has gained for a fifth straight session.
The country's second-biggest lender by assets on Friday reported higher-than-expected profit of Rs 3,990 crore ($618.48 mln) for the March quarter.
The fourth quarter bad loan ratio remained sequentially stable at 1.05 per cent.
Key positive was strong acceleration in core pre-provision operating profit growth, helped by strong loan growth, margins, and fees, Morgan Stanley wrote in a note.
The stock has risen 24 per cent this year as of Friday's close.
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