Trending stocks: HDFC share price rises over 1%

A total of 38,883 shares changed hands on the counter till 09:45AM (IST).

PTI

Total market cap of the Housing Development Finance Corporation Ltd. stood at Rs 319468.18 crore at the time of writing this report. 

NEW DELHI: Shares of Housing Development Finance Corporation Ltd. traded 1.35 per cent up in Thursday's trade at 09:45AM (IST). Around 38,883 shares changed hands on the counter.

The counter opened at Rs 1849.0 and touched an intraday high and low of Rs 1861.55 and Rs 1842.35, respectively, in the session so far. The stock of Housing Development Finance Corporation Ltd. quoted a 52-week high of Rs 2499.65 and a 52-week low of Rs 1473.1.

Total market cap of the Housing Development Finance Corporation Ltd. stood at Rs 319468.18 crore at the time of writing this report.


Key Financials
The company reported consolidated net sales of Rs 16600.08 crore for the quarter ended 31-Mar-2020, down 42.75 per cent from previous quarter's Rs 28996.17 crore and down 42.06 per cent from the year-ago quarter's Rs 28652.48 crore.

The net profit for latest quarter stood at Rs 4116.2 crore, down 8.37 per cent from the corresponding quarter last year.

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Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 9.52 per cent stake in the firm, while foreign institutional investors held 70.88 per cent and the promoters 0.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 14.9 and a price-to-book ratio of 2.39. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Housing Development Finance Corporation Ltd. belongs to the NBFC - Housing industry.
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