CapitalMarket.com - Volume spurts in HDFC counter
Hot Pursuit Friday, February 24, 2012 09:30 Hrs IST

Print this page


Volume spurts in HDFC counter

HDFC fell 2.75% to Rs 682 at 9:21 IST on NSE on massive volumes of 14.97 crore shares, or 10.15% equity of the company.

On BSE, 18.22 lakh shares were traded in the counter compared with average volume of 2.01 lakh shares over the past two weeks.

The stock hit a high of Rs 684.90 and a low of Rs 657.50 so far during the day.

India's largest dedicated housing finance firm by total income has equity capital of Rs 294.98 crore. Face value per share is Rs 2.

According to media reports, Citigroup Inc plans to raise up to $2.1 billion by selling its entire stake in HDFC as part of the US bank's efforts to shore up its capital base. The shares are being offered through a book building process to institutional investors.

HDFC's net profit rose 10.14% to Rs 981.25 crore on 34.67% increase in total income to Rs 4472.51 crore in Q3 December 2011 over Q3 December 2010.

As on 31 December 2011, HDFC's loan book stood at Rs 1,32,208 crore, up 21.24% against Rs 1,09,051 crore as on 31 December 2010. This is after considering the loans sold during the preceding 12 months amounting to Rs 4221 crore to HDFC Bank.

Previous Stories
More 4
Other Stories
4  Maruti Suzuki drops in volatile trade after reporting weak sales in June (1-Jul 11:13 Hrs IST)
4  Equitas Holdings scales record high after issue of banking licence by RBI (1-Jul 11:11 Hrs IST)
4  Mahanagar Gas makes stellar debut on bourses (1-Jul 10:29 Hrs IST)
4  GMR Infra gains after subsidiary sells stakes in transmission projects (1-Jul 10:11 Hrs IST)
4  PSU OMCs gain after announcing reduction in fuel prices (1-Jul 09:56 Hrs IST)
4  Maruti gains after signing MoU with Government of Andhra Pradesh (1-Jul 09:23 Hrs IST)
4  Setco Automotive surges ahead of NSE listing (30-Jun 15:20 Hrs IST)
4  Future Enterprises gains after selling 14% in subsidiary (30-Jun 15:13 Hrs IST)
4  L&T gains after announcing price band for subsidiary's IPO (30-Jun 14:39 Hrs IST)
4  Torrent Pharma gains after acquiring API manufacturing unit (30-Jun 14:20 Hrs IST)
Next4