HDFC advances after decent Q3 outcome

HDFC rose 1.21% to Rs 1,283.90 at 11:10 IST on BSE after consolidated net profit rose 12.61% to Rs 2179.01 crore on 18.89% growth in total income to Rs 11952.48 crore in Q3 December 2014 over Q3 December 2013.

The Q3 result was announced on Saturday, 14 February 2015.

Meanwhile, the S&P BSE Sensex was up 159.32 points or 0.55% at 29,246.31.

On BSE, so far 26,000 shares were traded in the counter as against average daily volume of 1.25 lakh shares in the past one quarter.

The stock hit a high of Rs 1,283.95 and a low of Rs 1,268.30 so far during the day. The stock had hit a record high of Rs 1,360.70 on 28 January 2015. The stock had hit a 52-week low of Rs 755.60 on 14 February 2014.

The stock had outperformed the market over the past one month till 13 February 2015, surging 13.16% compared with Sensex's 6.09% rise. The scrip had also outperformed the market in past one quarter, jumping 12.51% as against Sensex's 4.13% rise.

The large-cap housing finance major has equity capital of Rs 314.48 crore. Face value per share is Rs 2.

HDFC has a wide network of offices spread across the country. It also has offices in Dubai, London and Singapore and service associates in the Middle East region, to provide housing loans and property advisory services to Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs).

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