Trending stocks: HDFC shares climb nearly 4%

NEW DELHI: Shares of Housing Development Finance Corporation Ltd. traded 3.82 per cent up in Wednesday 's trade at 10:21AM (IST). Around 137178 shares changed hands on the counter.

The scrip opened at Rs 1740.0 and touched an intraday high and low of Rs 1808.5 and Rs 1728.95 , respectively, in the session so far. Shares of the company quoted a 52-week high of Rs 2495.0 and a 52-week low of Rs 1475.5 .

Housing Development Finance Corporation Ltd., incorporated in the year 1977, is a Large Cap company (having a market cap of Rs 297159.36 Crore) operating in NBFC sector.


Key Financials

The company reported consolidated net sales of Rs 28996.17 crore for the quarter ended 31-Dec-2019 , down -11.59 per cent from previous quarter's Rs 32796.5 crore and down 18.46 per cent from the year-ago quarter's Rs 24477.86 crore.

The net profit after tax for the latest quarter stood at Rs 3835.38 crore, 26.23 per cent from the corresponding quarter last year .

Shareholding pattern
As of 31-Mar-2020 , domestic institutional investors held 9.522517 per cent stake in the firm , while foreign institutional investors held 70.875465 per cent and the promoters 0.0 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 14.18 and a price-to-book ratio of 678.69 .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 'nil' growth in the business.

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