Trending stocks: HDFC shares gain over 2%

A total of 54,411 shares changed hands on the counter till 10:32AM (IST).

PTI

Total market cap of the Housing Development Finance Corporation Ltd. stood at Rs 332588.47 crore at the time of writing this report. 

NEW DELHI: Shares of Housing Development Finance Corporation Ltd. traded 2.59 per cent up in Thursday's trade at 10:32AM (IST). Around 54,411 shares changed hands on the counter.

The scrip opened at Rs 1870.2 and touched an intraday high and low of Rs 1935.45 and Rs 1865.0, respectively, in the session so far. Shares of the company 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 332588.47 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 same quarter a year ago.

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Shareholding pattern
As of 31-Mar-2020, DIIs 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 15.52 and a price-to-book ratio of 2.49. 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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