HDFC shares up 1.5% post Q1 results

Shares of the country's largest mortgage player HDFC Ltd today rose by 1.5 per cent after the company reported 26.86 per cent increase in consolidated net profit in the first quarter ended June.
The scrip went up by 1.48 per cent to settle at Rs 1,387.80 on BSE. During the day, it jumped 2.22 per cent to Rs 1,398 -- its 52-week high.
On NSE, shares of the company rose by 1.48 per cent to Rs 1,387.70.
HDFC Ltd today reported 26.86 per cent increase in consolidated net profit at Rs 2,796.92 crore helped by receipts from stake sale in its general insurance arm.

Its consolidated net profit during the April-June quarter of the previous fiscal stood at Rs 2,204.29 crore.
HDFC Ltd's total income rose to Rs 13,516.99 crore for the first quarter ended June 30, 2016-17 as against Rs 11,397.29 crore in the year-ago period.