HDFC drops after Q1 results

Housing Development Finance Corporation lost 1.63% to Rs 809.40 at 14:33 IST on BSE after net profit rose 17.08% to Rs 1173.10 crore on 12.59% growth in total income to Rs 5564.94 crore in Q1 June 2013 over Q1 June 2012.

The Q1 result was announced during trading hours today, 19 July 2013.

Meanwhile, the S&P BSE Sensex was up 78.16 points or 0.39% at 20,206.57.

On BSE, 3.39 lakh shares were traded in the counter as against average daily volume of 2.07 lakh shares in the past one quarter.

The stock hit a high of Rs 830 and a low of Rs 805.50 so far during the day. The stock had hit a record high of Rs 931 on 30 May 2013. The stock had hit a 52-week low of Rs 669.50 on 26 July 2012.

The large-cap company has equity capital of Rs 310.83 crore. Face value per share is Rs 2.

Housing Development Finance Corporation's (HDFC) consolidated net profit surged 33.79% to Rs 1707.10 crore on 14.81% growth in total income to Rs 8482.85 crore in Q1 June 2013 over Q1 June 2012.

HDFC has a wide network of 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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