HDFC’s JV to provide title insurance policy for Shraddha Landmark

Date: 15-03-2019

Housing Development Finance Corporation (HDFC) and ERGO International AG’s Joint venture (JV) Company -- HDFC ERGO General Insurance Company to provide Title Insurance policy for Shraddha Landmark (SLPL), for upcoming project in Bhandup (West), Mumbai.

The adoption of this policy by Shraddha Landmark will provide their upcoming project and the subsequent buyers with much-needed safety against financial losses that may arise due to defects in the title of the property when the ownership of the property is transferred.

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.

Latest Financials

Latest Financials

 - Housing Development Finance Corporation Ltd.

  Standalone Consolidated
TTM EPS (Rs) 55.87 94.43
TTM Sales (Rs. Cr.) 40,012 69,118
BVPS (Rs.)
The total value that a company will fetch upon liquidation (if it is closed down), after settling all obligations is called its Book Value. Book value of a company includes only tangible assets. Book value allocated to each outstanding share is called Book Value per share
441.61 520.5
Reserves (Rs. Cr.)
The term reserve represents a part of shareholders' equity, except for basic share capital. Reserves are created from retained earnings and shareholders' contributions in the form of share premium etc.
75,677 89,257
P/BV
Price to Book Value is the ratio of stock's market value to its book value. It gives some idea of whether investors are paying too much for what would be left if the company went bankrupt immediately. To get high returns, it is advisable to invest in a company which satisfies all the criteria set by MoneyWorks4me and which has low price to book value ratio.
4.46 3.78
PE
It is the ratio of market price and earnings per share. It shows what the market is willing to pay for the company's earnings. To get high returns it is advisable to invest in the company which satisfies all the criteria set by MoneyWorks4me and which has low price to earnings ratio as compared to the industry.
35.22 20.84
From the Market
52 Week High / Low (Rs) 2051.00/1646.00
All Time High / Low (Rs) 2051.00/6.80
Volume Traded 50,410
Market Cap (Rs. Cr.) 3,38,753
Equity (Rs. Cr.) 344.29
Face Value (Rs) 2
Industry PE
Industry price to earnings per share tells on an average, what the market is willing to pay for overall earnings in that industry. It can be used as a benchmark price to earnings ratio for the companies in that industry.
22.15
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