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HDFC advances on launching fixed rate home loan product

23 Dec 2014 Evaluate

Housing Development Finance Corporation (HDFC) is currently trading at Rs. 1164.00, up by 17.70 points or 1.54 % from its previous closing of Rs. 1146.30 on the BSE.

The scrip opened at Rs. 1150.00 and has touched a high and low of Rs. 1164.00 and Rs. 1148.85 respectively. So far 19880 shares were traded on the counter.

The BSE group 'A ' stock of face value Rs. 2 has touched a 52 week high of Rs. 1177.00 on 28-Nov-2014 and a 52 week low of Rs. 755.60 on 14-Feb-2014.

Last one week high and low of the scrip stood at Rs. 1150.50 and Rs. 1077.15 respectively. The current market cap of the company is Rs. 182874.64 crore.

The Institutions holding in the company stood at 88.17 % while Institutions and Non-Institutions held 11.83% of the stake.

Housing Development Finance Corporation (HDFC), the country’s premier housing finance entity has launched a fixed interest rate home loan product for a limited period as part of New Year celebrations to attract customers. Besides, the company has also cut deposit rates by up to 15 basis points (bps) on deposits of varying maturities. Under the fixed-rate option, Trufixed, customers can avail a home loan at a fixed interest rate for two to 10 years. Thereafter, the loan will switch automatically to HDFC’s Adjustable Rate Home Loan (ARHL) product without any charges.

HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services

HDFC-Amalgamated Share Price

2729.95 0.00 (0.00%)
12-Jul-2023 18:01 View Price Chart
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