Sunday 29 October 2017

Market Live: Nifty extends gains, Sensex rises 150 pts Mid and Smallcap rally 1%-Sai Proficient

Housing finance company HDFC is expected to report profit growth of 7.4 percent year-on-year at Rs 1,962 crore for the quarter ended September 2017.

Profit in July-September quarter 2016 stood at Rs 1,826.5 crore.


Net interest income during the quarter is seen rising 14.9 percent to Rs 2,640.2 crore compared with Rs 2,297.2 crore in same quarter last fiscal, according to average of estimates of analysts.

Analysts feel if net interest margin comes above 3.75 percent, asset under management growth above 15 percent and gross non-performing assets below 1.2 percent then that will be taken positively by the Street.

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