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HDFC gains on hiking home loan rate by 10 bps to 16.75% per annum

05 Dec 2013 Evaluate

Housing Development Finance Corporation (HDFC) is currently trading at Rs. 830.00, up by 17.10 points or 2.10% from its previous closing of Rs. 812.90 on the BSE.

The scrip opened at Rs. 826.00 and has touched a high and low of Rs. 838.45 and Rs. 826.00 respectively. So far 41851 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 931.00 on 30-May-2013 and a 52 week low of Rs. 632.20 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 831.85 and Rs. 805.55 respectively. The current market cap of the company is Rs. 129937.98 crore.

The Institutions holding in the company stood at 86.91% while Non-Institutions held 13.09% of the stake.

Housing Development Finance Corporation (HDFC), the country’s premier housing finance entity has increased its Retail Prime Lending Rate (RPLR) by 10 basis points (bps) to 16.75% per annum with effect from December 1.

With this increase, the housing finance company’s interest rates on home loans of up to Rs 30 lakh will go up to 10.50% per annum while for loans amounting more than Rs 30 lakh, the rate will now be 10.75% per annum. This is the first rate increase by the firm since it had hiked it by a similar amount on August 24.

HDFC is India’s premier housing finance entity in existence for over 35 years. With a presence in banking, insurance and asset management, the HDFC group is an important part of the Indian financial services.

HDFC-Amalgamated Share Price

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