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HDFC off day's low after bulk deal

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Capital Market
Last Updated : Mar 14 2014 | 11:55 PM IST

HDFC shed 0.44% to Rs 862.40 at 10:24 IST on BSE, with the stock cutting intraday decline, after a bulk deal was executed on the counter today, 14 March 2014.

A bulk deal of 6.03 lakh shares was executed on the HDFC counter at Rs 856 per share at 09:24 IST on BSE today, 14 March 2014. The bulk deal saw 0.03% of HDFC's equity changed hands.

Meanwhile, the BSE Sensex was down 108.97 points, or 0.5%, to 21,665.64

On BSE, so far 6.12 lakh shares were traded in the counter, compared with an average volume of 1.55 lakh shares in the past one quarter.

The stock was volatile. The stock fell as much as 0.44% at the day's high of Rs 862.40 so far during the day. The stock declined as much as 1.53% at the day's low of Rs 853 so far during the day. The stock hit a 52-week high of Rs 931 on 30 May 2013. The stock hit a 52-week low of Rs 632.20 on 28 August 2013.

The stock had outperformed the market over the past one month till 13 March 2014, rising 13.07% compared with the Sensex's 7.83% rise. The scrip had also outperformed the market in past one quarter, gaining 7.34% as against Sensex's 5.11% rise.

The large-cap housing finance company has an equity capital of Rs 311.99 crore. Face value per share is Rs 2.

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HDFC's net profit rose 12.1% to Rs 1277.71 crore on 14.9% increase in total income to Rs 6030.93 crore in Q3 December 2013 over Q3 December 2012.

On a consolidated basis, HDFC's net profit rose 13.4% to Rs 1934.85 crore on 13.3% increase in total income to Rs 10052.98 crore in Q3 December 2013 over Q3 December 2012.

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First Published: Mar 14 2014 | 10:35 AM IST

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