Market awaits HDFC Q1FY18 results
DSIJ Intelligence / 26 Jul 2017
HDFC is the third most heavyweight stock in the Nifty 50 index having weightage of 7.13%. As such, its stock movement will be observed keenly after the posting of the company’s results.
With HDFC expected to announce its Q1FY18 financial results today, HDFC twins have been displaying subdued trading in the morning hours on Wednesday. The street expectations for the HDFC financial results are: 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 the third most heavyweight stock in the Nifty 50 index having weightage of 7.13%. As such, its stock movement will be observed keenly after the posting of the company’s results. Meanwhile, Nifty was trading at 9,986 level, up by 21 points while Sensex was trading at 32,294 level, up by 65 points.
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