Trending stocks: HDFC shares down nearly 1%

NEW DELHI: Shares of Housing Development Finance Corporation Ltd. traded 0.92 per cent down in Friday's trade at 09:48AM (IST). Around 68,016 shares changed hands on the counter.

The stock opened at Rs 1807.0 and touched an intraday high and low of Rs 1807.0 and Rs 1760.2, 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 307849.7 crore at the time of writing this report.


Mortgage lender HDFC said the company's shareholders have approved raising up to Rs 1.25 lakh crore by issuing bonds or other hybrid instruments on a private placement basis. The approval was received at the company's annual general meeting (AGM) held through audio visual medium.

Key Financials
The company reported consolidated sales of Rs 29953.57 crore for the quarter ended 30-Jun-2020, up 80.44 per cent from previous quarter's Rs 16600.08 crore and up 29.53 per cent from the year-ago quarter's Rs 23124.73 crore.

The net profit for latest quarter stood at Rs 3613.6 crore, up 16.78 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Jun-2020, DIIs held 9.44 per cent stake in the firm, while foreign institutional investors held 70.17 per cent and the promoters 0.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 14.02 and a price-to-book ratio of 2.3. 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.