HDFC fell 0.29% to Rs 1259.05 at 14:54 IST on BSE after the company said that profit on sale of investments fell 49.56% to Rs 57 crore in Q3 December 2015 as against Rs 113 crore in Q3 December 2014.
Meanwhile, the BSE Sensex was up 54.89 points, or 0.21%, to 26,172.43.
On BSE, so far 26,000 shares were traded in the counter, compared with an average volume of 1.10 lakh shares in the past one quarter.
The stock hit a high of Rs 1,266.90 and a low of Rs 1,251 so far during the day. The stock hit a record high of Rs 1,399.80 on 4 March 2015. The stock hit a 52-week low of Rs 1,093.80 on 26 August 2015.
The stock had outperformed the market over the past one month till 31 December 2015, rising 3.73% compared with 0.11% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 4.07% as against Sensex's 0.14% fall.
The large-cap company has an equity capital of Rs 315.75 crore. Face value per share is Rs 2.
Housing Development Finance Corporation (HDFC) announced after market hours yesterday, 31 December 2015, that the profit on sale of investments for the quarter ended 31 December 2015 was Rs 57 crore compared to Rs 113 crore in the corresponding quarter in the previous year. Income from dividend for the quarter ended 31 December 2015 was Rs 135 crore compared to Rs 103 crore in the corresponding quarter of the previous year. This includes dividend of Rs 127 crore from HDFC Standard Life Insurance Company, the company said in a statement.
HDFC, under the loan assignment route, sold loans amounting to Rs 1240 crore in the quarter ending 31 December 2015 to HDFC Bank compared to Rs 1234 crore during the corresponding quarter of the previous year. Loans sold in the preceding twelve months amounted to Rs 12975 crore, the company said.
HDFC's net profit rose 18.2% to Rs 1604.56 crore on 12.1% rise in operating income to Rs 7480.24 crore in Q2 September 2015 over Q2 September 2014.
HDFC is India's first retail housing finance company and is currently one of the largest originators of housing loans in the country.
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