HDFC scrip further advances to Rs 1,800.25 on the BSE

Mumbai, May 23 (UNI) The scrip of housing finance major, HDFC today was up by 0.32 per cent to Rs 1,800.25, on hopes of higher valuations for its insurance and mutual funds business following media reports of high valuations for rival ICICI Bank's insurance operations.

Traders said this share has been advancing in the past few days and added that today two block deals were executed in the counter on BSE. One block deal of seven lakh share was struck at Rs 1,818 per share, while the other of one lakh shares was executed at Rs 1,785 per share.

The counter hit an all-time high of Rs 1,852.80 in intra-day trade. It was the third top traded counter on BSE today, with a total turnover of Rs 181.75 crore, market analysts pointed out.

UNI