Trending stocks: IDFC shares gain over 3%
A total of 350,330 shares changed hands on the counter till 11:03AM (IST).
By ETMarkets.com | Updated:
iStock
NEW DELHI: Shares of IDFC Ltd. traded 3.09 per cent up in Friday's trade at 11:03AM (IST). Around 350,330 shares changed hands on the counter.
The stock opened at Rs 17.5 and touched an intraday high and low of Rs 18.6 and Rs 16.61, respectively, in the session so far. Shares of the company of IDFC Ltd. quoted a 52-week high of Rs 40.5 and a 52-week low of Rs 13.4.
Total market cap of the IDFC Ltd. stood at Rs 2913.35 crore at the time of writing this report.
The company announced that it has divested entire stake in its step-down subsidiary IDFC Securities Ltd for Rs 86 crore.
Key Financials
The net loss for latest quarter stood at Rs 343.1 crore, down 50.57 per cent from the corresponding quarter last year.
As of 31-Mar-2020, domestic institutional investors held 6.02 per cent stake in the company, while foreign institutional investors held 37.27 per cent and the promoters 0.0 per cent.
Valuation ratio
According to BSE data, the stock traded at a P/E multiple of -2.75 and a price-to-book ratio of 0.28. 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.
IDFC Ltd. belongs to the Term Lending - General industry.
The stock opened at Rs 17.5 and touched an intraday high and low of Rs 18.6 and Rs 16.61, respectively, in the session so far. Shares of the company of IDFC Ltd. quoted a 52-week high of Rs 40.5 and a 52-week low of Rs 13.4.
Total market cap of the IDFC Ltd. stood at Rs 2913.35 crore at the time of writing this report.
The company announced that it has divested entire stake in its step-down subsidiary IDFC Securities Ltd for Rs 86 crore.
Key Financials
The net loss for latest quarter stood at Rs 343.1 crore, down 50.57 per cent from the corresponding quarter last year.
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Shareholding pattern As of 31-Mar-2020, domestic institutional investors held 6.02 per cent stake in the company, while foreign institutional investors held 37.27 per cent and the promoters 0.0 per cent.
Valuation ratio
According to BSE data, the stock traded at a P/E multiple of -2.75 and a price-to-book ratio of 0.28. 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.
IDFC Ltd. belongs to the Term Lending - General industry.
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