Shares of HDFC were the top gainer on both the Sensex and Nifty with gains of 1.53% of Rs. 30, with the shares climbing to Rs. 2006.80. The stock hit an intra-day high of Rs. 2013.80 on the BSE.
HDFC Top Sensex And Nifty Gainer After It Reveals Its Qtly Updates
For the September quarter, the company's profit on sale of investments surge 83% on a y-o-y basis to Rs. 1632 crore. This is also inclusive of profit arising due to part stake sale in Gruh Fiannce. Income from dividend came in at Rs. 1074 crore in comparison to just Rs. 6 crore during the same quarter last year.
Meanwhile, benchmark Indian indices after 4-straight sessions of decline have surged on the back of global cues and high expectations that the RBI will announce a rate cut to spur investments and stimulate growth.
Last, the shares of HDFC were quoting higher by 1.74% at Rs. 2009.35 on the BSE.
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