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HDFC gains after Q3 results

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Capital Market

HDFC rose 0.24% to Rs 839.35 at 13:36 IST on BSE after net profit rose 12.07% to Rs 1277.71 crore on 14.87% increase in total income to Rs 6030.93 crore in Q3 December 2013 over Q3 December 2012.

The company announced the result during trading hours today, 22 January 2014.

Meanwhile, the BSE Sensex was up 45.44 points, or 0.21%, to 21,296.56.

On BSE, so far 43,000 shares were traded in the counter, compared with an average volume of 1.37 lakh shares in the past one quarter.

The stock hit a high of Rs 845 and a low of Rs 831 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 21 January 2014, rising 4.66% compared with the Sensex's 0.81% rise. The scrip had also outperformed the market in past one quarter, rising 2.06% as against Sensex's 1.71% rise.

The large-cap housing finance company has an equity capital of Rs 311.88 crore. Face value per share is Rs 2.

As at 31 December 2013, HDFC's loan book stood at Rs 192266 crore as against Rs 160941 crore in the corresponding period of the previous year. This is after considering the loans sold during the preceding 12 months amounting to Rs 3263 crore.

On a consolidated basis, HDFC's net profit rose 13.43% to Rs 1934.85 crore on 13.30% increase in total income to Rs 10052.98 crore in Q3 December 2013 over Q3 December 2012.

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First Published: Jan 22 2014 | 1:39 PM IST

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