Housing Development Finance Corporation (HDFC) is currently trading at Rs. 1376.75, up by 5.50 points or 0.40% from its previous closing of Rs. 1371.25 on the BSE.
The scrip opened at Rs. 1372.10 and has touched a high and low of Rs. 1383.35 and Rs. 1372.00 respectively. So far 80872 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1463.25 on 07-Sep-2016 and a 52 week low of Rs. 1060.15 on 11-Apr-2016.
Last one week high and low of the scrip stood at Rs. 1,392.75 and Rs. 1361.00 respectively. The current market cap of the company is Rs. 218603.84 crore.
The Institutions and Non-Institutions held 88.59% and 11.41% stake respectively of the company.
HDFC will raise Rs 2,000 crore on private placement basis by issuing NCDs to shore up its long term capital. The mortgage lender will issue secured redeemable Non-Convertible Debentures (NCDs) on a private placement basis on March 14 to raise the sum.
The debentures will fetch investors’ yield of 7.45 per cent per annum. They will be up for redemption on June 14, 2018. Axis Bank is the arranger for the issue.
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.