HDFC gains after two bulk deals

A block deal of 1 lakh shares was executed at Rs 844.15 per share at 9:30 IST. Another block deal of 1.01 lakh shares was executed at Rs 848 per share at 11:05 IST. The two block deals constitute 0.01% of Housing Development Finance Corporation's (HDFC) equity.

Meanwhile, the S&P BSE Sensex was up 402.78 points or 2.09% at 19,696.90.

On BSE, 3.40 lakh shares were traded in the counter as against average daily volume of 1.92 lakh shares in the past one quarter.

The stock hit a high of Rs 852 and a low of Rs 835.35 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 stock underperformed the market over the past one month till 10 July 2013, sliding 2.75% compared with the Sensex's 0.76% fall. The scrip had, however, outperformed the market in past one quarter, surging 6.23% as against Sensex's 4.78% gain.

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

HDFC's consolidated 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).

Powered by Capital Market - Live News