HDFC drops after 5-day 10.1% rally

Housing Development Finance Corporation lost 0.98% to Rs 864.05 at 15:14 IST on BSE, with the stock sliding on profit booking after 5-day 10.14% rally.

Meanwhile, the S&P BSE Sensex was up 93.66 points or 0.49% at 19,380.38.

On BSE, 75,000 shares were traded in the counter as against average daily volume of 1.29 lakh shares in the past one quarter.

The stock hit a high of Rs 874.45 and a low of Rs 858.60 so far during the day. The stock had hit a record high of Rs 882 on 11 December 2012. The stock had hit a 52-week low of Rs 610.70 on 16 May 2012.

The stock had outperformed the market over the past one month till 26 April 2013, surging 6.07% compared with the Sensex's 3.11% gain. The scrip had also outperformed the market in past one quarter, jumping 8.38% as against Sensex's 4.06% fall.

The large-cap company has equity capital of Rs 309.27 crore. Face value per share is Rs 2.

Shares of Housing Development Finance Corporation (HDFC) had rallied 10.14% in five trading sessions to settle at Rs 872.60 on Friday, 26 April 2013, from a recent low of Rs 792.20 on 17 April 2013.

HDFC's consolidated net profit rose 27.6% to Rs 1705.83 crore on 58.3% growth in total income to Rs 10139.37 crore in Q3 December 2012 over Q3 December 2011. The company unveils FY 2013 results on 8 May 2013.

Housing finance major HDFC has a wide network offices catering to over 2,400 towns and cities 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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