hdfc share price: Stock market news: HDFC shares gain over 1%

NEW DELHI: Shares of Housing Development Finance Corporation Ltd. traded 1.26 per cent up in Tuesday’s trade at 11:22AM (IST). Around 20,524 shares changed hands on the counter.

The counter opened at Rs 1755 and touched an intraday high and low of Rs 1777 and Rs 1744.95, 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 304900.86 crore at the time of writing this report.

JP Morgan Funds purchased shares of Housing Development Finance Corp Ltd (HDFC) worth Rs 288 crore through an open market transaction.

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 same quarter a year ago.

Shareholding pattern

As of 30-Jun-2020, domestic institutional investors held 9.44 per cent stake in the company, while foreign institutional investors held 70.17 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 13.89 and a price-to-book ratio of 2.23. 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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