- 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  Dish TV hits 52-week high after announcing turnaround Q4 result (26-May 14:21 Hrs IST)
4  GAIL (India) advances on mulling doubling natural gas pipeline network (26-May 13:43 Hrs IST)
4  PFS tumbles after dismal Q4 outcome (26-May 12:56 Hrs IST)
4  Volumes jump at Future Lifestyle Fashions counter (26-May 12:15 Hrs IST)
4  PNC Infratech sees dull debut (26-May 11:25 Hrs IST)
4  GMR Infra gains after subsidiary hikes stake in DIAL to 64% (26-May 10:38 Hrs IST)
4  HeidelbergCement falls after weak Q1 result (26-May 10:04 Hrs IST)
4  VA Tech Wabag drops after poor Q4 result (26-May 09:34 Hrs IST)
4  VRL Logistics gains after good Q4 result (26-May 09:15 Hrs IST)
4  Gujarat State Petronet declines after reporting dismal Q4 numbers (25-May 15:14 Hrs IST)