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HDFC slips after multiple block deals

Capital Market / 09:49 , Feb 01, 2012

HDFC fell 2.17% to Rs 681.85 at 09:42 IST on BSE, after 1.35% equity changed hands in multiple block deals on the BSE today, 1 February 2012.

About 2 crore shares of HDFC changed hands in multiple block deals executed on the BSE today, 1 February 2012. Of which a block deal of 1.68 crore shares at Rs 677 per share was struck at 9:18 IST while six more block deals for a total of about 31.18 lakh shares were executed at prices ranging from Rs 676.80 to Rs 681 per share. Reportedly, private equity giant Carlyle has pared its stake from 5.22% it held (as at end December 2011) through CMP Asia in mortgage leader HDFC.

Meanwhile, the BSE Sensex was down 61.24 points, or 0.36%, to 17,132.31

On BSE, 2.17 crore shares were traded in the counter as against average daily volume of 1.28 lakh shares in the past one quarter.

The stock hit a high of Rs 693 and a low of Rs 676.80 so far during the day. The stock had hit a record high of Rs 736.45 on 25 April 2011. The stock had hit a 52-week low of Rs 582.25 on 9 February 2011.

The stock had underperformed the market over the past one month till 31 January 2012, rising 7.28% compared with Sensex's 11.25% return. The scrip, however, outperformed the market over the past one quarter, gaining 1.37% as against Sensex's 2.89% fall.

India's largest dedicated housing finance firm by total income has equity capital of Rs 294.91 crore. Face value per share is Rs 2.

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.

 



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