Housing Development Finance Corporation fell 0.43% to Rs 1,334.10 at 15:11 IST on BSE after consolidated net profit rose 16.13% to Rs 2446.21 crore on 16.48% increase in total income to Rs 14526.69 crore in Q2 September 2016 over Q2 September 2015.
The result was announced during trading hours today, 26 October 2016.Meanwhile, the BSE Sensex was down 256.26 points, or 0.91%, to 27,835.16.
On BSE, so far 72,000 shares were traded in the counter, compared with average daily volume of 1.42 lakh shares in the past one quarter. The stock hit a high of Rs 1,344 and a low of Rs 1,320 so far during the day. The stock hit a record high of Rs 1,463.25 on 7 September 2016. The stock hit a 52-week low of Rs 1,012 on 25 February 2016. The stock had underperformed the market over the past 30 days till 25 October 2016, falling 5.23% compared with 0.72% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 3.46% as against Sensex's 0.24% rise.
The large-cap company has equity capital of Rs 316.80 crore. Face value per share is Rs 2.
On a standalone basis, Housing Development Finance Corporation (HDFC)'s net profit rose 13.83% to Rs 1826.50 crore on 9.19% increase in total income to Rs 8103.15 crore in Q2 September 2016 over Q2 September 2015.
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
Disclaimer: No Business Standard Journalist was involved in creation of this content
