HDFC gains after twin bulk deals

A bulk deal of 20 lakh shares was struck on the Housing Development Finance Corporation (HDFC) scrip at Rs 820 per share at 09:16 IST on BSE today, 14 June 2013. Another bulk deal of 1 lakh share was executed at same price and time. The two bulk deals saw 0.14% equity of HDFC changing hands.

Meanwhile, the S&P BSE Sensex was up 235.17 points or 1.25% at 19,062.33.

On BSE, 21.47 lakh shares were traded in the counter as against average daily volume of 1.48 lakh shares in the past one quarter.

The stock hit a high of Rs 837.65 and a low of Rs 820 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 633.30 on 22 June 2012.

The stock underperformed the market over the past one month till 13 June 2013, falling 5.84% compared with the Sensex's 4.39% fall. The scrip, however, outperformed the market in past one quarter, rising 0.5% as against Sensex's 2.77% fall.

The large-cap company has equity capital of Rs 309.97 crore. Face value per share is Rs 2.

HDFC's net profit rose 17.3% to Rs 1555.21 crore on 16.1% growth in total income to Rs 5677.71 crore in Q4 March 2013 over Q4 March 2012.

On consolidated basis, HDFC's net profit rose 17.2% to Rs 2083.12 crore on 19% growth in total income to Rs 11042.88 crore in Q4 March 2013 over Q4 March 2012.

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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