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HDFC advances after strong Q1 results

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Capital Market

Housing Development Finance Corporation rose 2.03% to Rs 2,130 at 15:17 IST on BSE after net profit rose 46.26% to Rs 3,203.10 crore on 30.59% increase in total income to Rs 12,996.11 crore in Q1 June 2019 over Q1 June 2018.

The result was announced during market hours today, 2 August 2019.

Meanwhile, S&P BSE Sensex was up 116.65 points or 0.32% at 37,134.97.

On BSE, 1.26 lakh shares were traded in Housing Development Finance Corporation counter, compared to a 2-week average of 1.67 lakh shares. The stock hit an intraday high of Rs 2,148.60 and an intraday low of Rs 2,039.65. It hit a 52-week high of Rs 2,357 on 18 July 2019 and a 52-week low of Rs 1,646 on 23 October 2018.

 

Housing Development Finance Corporation is an India-based holding company. The company is engaged in financing by way of loans for the purchase or construction of residential houses, commercial real estate and certain other purposes, in India.

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First Published: Aug 02 2019 | 3:26 PM IST

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