HDFC nudges higher after good Q2 numbers

HDFC rose 0.67% to Rs 1,709.35 at 13:40 IST on BSE after net profit grew by 15.03% to Rs 2101.12 crore on 8.11% growth in total income to Rs 8760.92 crore in Q2 September 2017 over Q2 September 2016.

The result was announced during market hours today, 30 October 2017.

Meanwhile, the S&P BSE Sensex was up 129.83 points or 0.39% at 33,287.05.

On the BSE, 90,000 shares were traded on the counter so far as against the average daily volumes of 1.25 lakh shares in the past one quarter. The stock had hit a high of Rs 1,722 and a low of Rs 1,685.50 so far during the day. The stock had hit a record high of Rs 1,802.25 on 12 September 2017 and a 52-week low of Rs 1,185 on 5 December 2016.

The large-cap company has equity capital of Rs 319.02 crore. Face value per share is Rs 2.

On a consolidated basis, HDFC's net profit rose 17.3% to Rs 2869.41 crore on 14.15% growth in total income to Rs 16583.10 crore in Q2 September 2017 over Q2 September 2016.

HDFC is India's first retail housing finance company and is currently one of the largest originators of housing loans in the country.

Powered by Capital Market - Live News