Trending stocks: HDFC shares gain over 1% in early session

NEW DELHI: Shares of Housing Development Finance Corporation Ltd. traded 1.18 per cent up in Monday's trade at 09:51AM (IST). Around 24,305 shares changed hands on the counter.

The counter opened at Rs 1847.0 and touched an intraday high and low of Rs 1865.4 and Rs 1836.65, 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 323010.23 crore at the time of writing this report.


Mortgage lender Housing Development Finance Corporation (HDFC) said its committee of directors have approved raising funds up to Rs 14,000 crore.

Key Financials
The company reported consolidated 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.

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 15.07 and a price-to-book ratio of 2.41. 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.