For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

HDFC Shares Slump 3 Per Cent As Investors Disappointed With Q2 numbers

|

Shares in HDFC slumped 3 per cent after investors remained disappointed with the company's numbers. While the net profits were in line, investors fretted over the growth in loan book.

The loan book for the institution grew at 18 per cent for the Sept quarter, as against 19 per cent in the June quarter and 20 per cent in the March quarter.

HDFC Shares Slump 3 Per Cent As Investors Disappointed With Q2 numbers
Housing Development Finance Corporation: Quotes, News
BSE 2270.95BSE Quote3.95 (0.17%)
NSE 2270.05NSE Quote4.7 (0.21%)
Increasing competition from banks and other NBFCs has ensured that competition in the segment remains high. This also had an effect on the net interest income of the institution that grew at 6 per cent. Asset quality was stable as has always been the case with HDFC.
 

The shares of HDFC were last trading at Rs 1279, down almost 3 per cent over Monday's close.

GoodReturns.in

Read more about: hdfc
Story first published: Tuesday, October 27, 2015, 12:13 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more