HDFC gains after good Q4 result
HDFC gained 2.12% to Rs 1,972.05 at 14:19 IST on BSE after net profit rose 26.8% to Rs 2861.58 crore on 24.28% rise in total income to Rs 11586.58 crore in Q4 March 2019 over Q4 March 2018.
The result was announced during market hours today, 13 May 2019.Meanwhile, the S&P BSE Sensex was up 21.53 points, or 0.06% to 37,484.52
On the BSE, 1.24 lakh shares were traded in the counter so far compared with average daily volumes of 53,000 shares in the past two weeks. The stock had hit a high of Rs 1,982.80 and a low of Rs 1,920.55 so far during the day.
The board approved issuance of Redeemable Non-Convertible Debentures (secured or unsecured) and/or any other hybrid instruments (not in nature of equity shares) up to Rs 125000 crore on a private placement basis.
HDFC is a leading provider of housing finance in India.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: May 13 2019 | 2:44 PM IST