Wednesday 18 February 2015

HDFC surges 3% on block deal

The stock so far has hit an intra-day high of Rs. 1,327. 

After opening on a flat note, Housing Development Finance Corporation (HDFC) has moved higher on the back of aggressive buying at the BSE counter.

Around 804,000 shares changed hands in a single block deal on the BSE counter at Rs. 1,314.

The stock opened at Rs. 1,290 and so far, has touched a high at Rs. 1,327 - up 3 per cent from previous close of Rs. 1,288.

Now, the stock is up 2.9 per cent at Rs. 1,326. The BSE counter has witnessed heavy trades of around 906,000 shares, which is 6.2-times more, when compared with two-week daily average volume of 146,000 shares.

Meanwhile, the Sensex has jumped 160 points at 29,296

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