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HDFC slips after bulk deal

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Capital Market Mumbai
Last Updated : Apr 24 2013 | 1:41 PM IST

A bulk deal of 8.05 lakh shares was struck on the HDFC counter at Rs 855.30 per share at 09:39 IST on the BSE today, 17 December 2012.

Meanwhile, the BSE Sensex was down 22.27 points or 0.12% to 19,294.98

On BSE, 8.21 lakh shares were traded in the counter as against average daily volume of 5.64 lakh shares in the past one quarter.

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The stock hit a high of Rs 859 and a low of Rs 843 so far during the day. The stock had hit a record high of Rs 882 on 11 December 2012. The stock had hit a 52-week low of Rs 600.85 on 19 December 2011.

The stock had outperformed the market over the past one month till 14 December 2012, rising 9.02% compared with the Sensex's 3.75% rise. The scrip had also outperformed the market in past one quarter, advancing 10.76% as against Sensex's 4.62% gain.

The large-cap housing finance firm has equity capital of Rs 308.15 crore. Face value per share is Rs 2.

HDFC's consolidated net profit rose 18.6% to Rs 1574.90 crore on 81.5% growth in total income to Rs 10462.08 crore in Q2 September 2012 over Q2 September 2011.

HDFC wide product range includes loans for purchase and construction of a residential unit, purchase of land, home improvement loans, home extension loans, non-residential premises loans for professionals and loan against property. It has wide network of offices across the country. It also has offices in Dubai, London and Singapore and service associates in the Middle East region, to provide housing loans and property advisory services to Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs).

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First Published: Dec 17 2012 | 11:32 PM IST

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