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HDFC gains 10% in two days on improved asset quality in September quarter

The stock was trading at its highest level since March 13, 2020 on the BSE

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SI Reporter Mumbai
Shares of Housing Development Finance Corporation (HDFC) rose nearly 4 per cent \at Rs 2,116 on the BSE on Tuesday, thus gaining 10 per cent in past two days after the company reported higher than estimated September quarter (Q2FY21) numbers, led by improvement in asset quality and steady assets under management (AUM) growth.

The stock of the housing finance company was trading at its highest level since March 13, 2020. In past one month, it outperformed the market by gaining 18 per cent, as compared to 3.7 per cent rise in the S&P BSE Sensex.

However, HDFC’s net