Thursday, Apr 18, 2024 | Last Update : 03:05 PM IST
HDFC shares up nearly 6 per cent post Q1 results; mcap shoots up
Its consolidated net profit during the April-June quarter of previous fiscal stood at Rs 2,797 crore.
New Delhi: Shares of mortgage player HDFC on Thursday jumped nearly 6 per cent, adding Rs 15,171.66 crore to its market capitalisation, even as the company reported a marginal decline in consolidated net profit for the first quarter ended June 30.
The stock soared 5.83 per cent to settle at Rs 1,728.50 on BSE. Intra-day, it gained 6.70 per cent to Rs 1,742.80 -- its 52-week high.
On NSE, it went up sharply by 5.80 per cent to end at Rs 1,728.20. The stock was the top gainer on both the key indices. The company's market valuation rose sharply by Rs 15,171.66 crore to Rs 2,75,331.66 crore.
In terms of volume, 2.46 lakh shares of the company were traded on BSE and over 90 lakh shares changed hands at NSE during the day.
The country's largest mortgage player HDFC yesterday reported a marginal decline in consolidated net profit at Rs 2,734 crore for the first quarter ended on June 30.
Its consolidated net profit during the April-June quarter of previous fiscal stood at Rs 2,797 crore.
However, total consolidated income rose to Rs 14,463 crore for the quarter under review as compared to Rs 13,531 crore for the quarter ended June 30, 2016.
