HDFC Q1FY18: street expects fall in PAT
Nifty was trading at 9,986 level, up by 21 points while Sensex was trading at 32,294 level, up by 65 points.
HDFC twins have been giving lacklustre trade in morning hours on Wednesday. HDFC is going to announce its Q1FY18 financial results today. Following is the street expectations for the HDFC financial results:
HDFC – Q1FY18 result expectations (YoY):
Profit after tax (PAT) may decline by 4% to Rs 1,793 crore.
Loan growth seen at 14-15%.
Asset Quality expected to remain steady.
HDFC is third most heavyweight stock in the Nifty50 index having weightage of 7.13%. Therefore, the stock movement of the stock would be interesting to watch after posting the company’s results.
Housing Development Finance Corporation Ltd is currently trading at Rs 1632.75, up by Rs 0.45 or 0.03% from its previous closing of Rs 1632.3 on the BSE.
The scrip opened at Rs 1633 and has touched a high and low of Rs 1640.6 and Rs 1628.25 respectively. So far 1158288(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 260009.03 crore.
The BSE group ‘A’ stock of face value Rs 2 has touched a 52 week high of Rs 1680.5 on 13-Jun-2017 and a 52 week low of Rs 1185 on 05-Dec-2016. Last one week high and low of the scrip stood at Rs 1675 and Rs 1623 respectively.
The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 89.01 % and 10.99 % respectively.