HDFC dips 1% ahead of Q3 nos; analysts eye 20% YoY loan growth, weak NIM

Analysts expect the non-banking finance company (NBFC) to report healthy loan growth amid weak net interest income and weak margins.

Shares of Housing Development Finance Corporation (HDFC) slipped 1.4 per cent to Rs 2,416.05 on the BSE on Monday ahead of its December quarter results for FY20 (Q3FY20) scheduled to be released later today.
 

At 10:32 am, the stock was trading 0.93 per cent lower at Rs 2,428 per share, as against a 0.26 per cent fall in the S&P BSE Sensex. So far in Calendar year 2020, the stock of the housing finance corporation has outpaced the market by rising 1.5 per cent till Friday, January 24. In comparison, the S&P BSE Sensex was up 0.87 per cent.
 

Analysts