HDFC’s Q3 consolidated net jumps 13%
Housing Development Finance Corporation (HDFC) has reported results for third quarter ended December 31, 2016.
The company has reported 11.88% rise in its net profit at Rs 1701.21 crore for the quarter under review as compared to Rs 1520.51 crore for the same quarter in the previous year. Total income of the company increased by 11.93% at Rs 8148.61 crore for the quarter under review as compared to Rs 7280.17 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported 12.80% rise in its net profit after tax, minority interest and share of profit of associates at Rs 2728.66 crore for the quarter ended December 31, 2016, as compared to Rs 2419.00 crore for the same quarter in the previous year. Total income of the company increased by 22.27% to Rs 14988.87 crore for quarter under review from Rs 12259.00 crore for the quarter ended December 31, 2015.
Technical Levels
Support at 1350 and resistance at 1385—1400
Looks positive … break and sustain above 1400 will take it 1430—1465+ mark else could touch its support level of 1350
Looks weak below 1350.00
More will update soon!!
