Housing Development Finance Corporation (HDFC) is currently trading at Rs. 1302.40, up by 12.10 points or 0.94% from its previous closing of Rs. 1290.30 on the BSE.
The scrip opened at Rs. 1300.00 and has touched a high and low of Rs. 1305.85 and Rs. 1293.35 respectively. So far 17525 shares were traded on the counter.
The BSE group 'A ' stock of face value Rs. 2 has touched a 52 week high of Rs. 1399.80 on 04-Mar-2015 and a 52 week low of Rs. 840.60 on 08-May-2014.
Last one week high and low of the scrip stood at Rs. 1345.00 and Rs. 1283.55 respectively. The current market cap of the company is Rs. 205309.08 crore.
The institutions and non-institutions held 88.39% and 11.61% stake in the company, respectively.
HDFC, the premier housing finance company, has received an approval from Reserve Bank of India (RBI) to raise External Commercial Borrowing (ECB) of up to $500 million. The approval is valid for a period of 6 months.
The housing finance company has also reduced its Retail Prime Lending Rate (RPLR) by 20 basis points, with effect from April 13, 2015.
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.
