HDFC gains on sanctioning Rs 47,000 crore home loans to over 2 lakh homebuyers
Housing Development Finance Corporation is currently trading at Rs. 1780.00, up by 10.00 points or 0.56% from its previous closing of Rs. 1770.00 on the BSE.
The scrip opened at Rs. 1770.00 and has touched a high and low of Rs. 1780.50 and Rs. 1760.70 respectively. So far 28434 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 2499.65 on 14-Jan-2020 and a 52 week low of Rs. 1473.10 on 24-Mar-2020.
Last one week high and low of the scrip stood at Rs. 1921.50 and Rs. 1760.70 respectively. The current market cap of the company is Rs. 317169.88 crore.
The Institutions holding in the company stood at 88.68% and Non-Institutions held 11.32% stake in the company.
Housing Development Finance Corporation (HDFC) has approved home loans of over Rs 47,000 crore to more than 2 lakh first-time homebuyers belonging to the Economically Weaker Section (EWS), Low Income Group (LIG) and Middle Income Groups (MIG), under the government’s Credit Linked Subsidy Scheme (CLSS). The company has passed on interest subsidy of more than Rs 4,700 crore to these beneficiaries. The company has been partnering and supporting the Ministry of Housing and Urban Affairs and the National Housing Bank (NHB) to work towards the government’s goal of ‘Affordable Housing for All’.
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.