HDFC, JSW Energy, Tata Motors, Bajaj Consumer, and other stocks in the news
HDFC, one of the leading housing finance companies in India, is in the news today for its strong quarterly results. The company reported a profit of Rs 2,800 crore for the quarter ended December 31, 2017, up from Rs 2,600 crore in the same period last year. HDFC’s loan growth was strong at 20% for the quarter, and its net interest margin improved to 3.4%.
Shares of HDFC were up 3% in early trade on the BSE today.
JSW Energy, one of India’s leading private sector power companies, is in the news today after it reported a profit of Rs 307 crore for the quarter ended December 31, 2017. This is up from Rs 255 crore in the same period last year.
JSW Energy’s total income for the quarter rose to Rs 5,490 crore from Rs 4,760 crore in the year-ago period. The company’s total expenses also rose to Rs 4,980 crore from Rs 4,370 crore in the year-ago period.
Shares of JSW Energy were up 2% in early trade on the BSE today.
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