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India`s Yes Bank drops as three-year share lock-in period ends  Shares of India's Yes Bank Ltd fell as much as 12.7% to a seven-month low on Monday at the end of a three-year lock-in period that barred investors from selling stock they had acquired as part of the lender's restructuring. The Reserve Bank of India (RBI) had required Yes Bank's shareholders, which includes the State Bank of India (SBI) and other private lenders, to hold on to 75% of the shares acquired as part of the restructuring in March 2020. Yes Bank shares have f...
India`s Yes Bank drops as three-year share lock-in period ends
India`s Yes Bank drops as three-year share lock-in period ends
Source: Reuters
13/03/2023 12:47:04 PM
India`s SBI may look to cut Yes Bank stake once lock-in ends -sources State Bank of India may look to lower its stake in Yes Bank after a lock-in period ends on March 6, which was put in place by the central bank as a part of the lender's restructuring, two sources told. SBI, India's largest bank, does not want to permanently retain a stake in Yes Bank and would want to trim its holdings, albeit in phases, one of the sources told Reuters on condition of anonymity. "The percentage of equity dilution that the bank intends to do will have to be ...
India`s SBI may look to cut Yes Bank stake once lock-in ends -sources
India`s SBI may look to cut Yes Bank stake once lock-in ends -sources
Source: Reuters
2/03/2023 5:21:30 PM
India`s top mortgage lender sees pickup in home loan demand despite rate hikes Demand for home loans is strong in India and is expected to pick up further over the next few months, the head of major housing finance firm Housing Development Finance Corporation said on Monday. "The economy is buoyant, the feel good factor is high, affordability is better so people are comfortable buying houses even if rates are slightly higher," Keki Mistry, chief executive of HDFC, told Reuters. India's central bank has already raised rates three times by a total of 1...
India`s top mortgage lender sees pickup in home loan demand despite rate hikes
India`s top mortgage lender sees pickup in home loan demand despite rate hikes
Source: Reuters
13/09/2022 9:00:23 AM
CCI approves merger of HDFC Bank, HDFC Ltd The Competition Commission of India (CCI) has approved the proposal of merger of HDFC Bank and HDFC Ltd. "Commission approves proposed combination involving amalgamation of HDFC Limited, HDFC Bank, HDFC Investments and HDFC Holdings," CCI said in a tweet on the microblogging platform Twitter on Friday. Whenever a deals over certain limit has been struck in the marketplace then it needs an approval from the regulator to keep a tab on unfair business practices. HDFC Ltd, the ...
CCI approves merger of HDFC Bank, HDFC Ltd
CCI approves merger of HDFC Bank, HDFC Ltd
Source: IANS
14/08/2022 9:02:02 AM
HDFC increases RPLR by 25 bps with effect from August 1 Housing Development Finance Corp Ltd hiked its benchmark lending rate by 25 basis points, with effect from August 1, the company said in an exchange filing. The hike in rate by the mortgage lender came before the Reserve Bank of India's (RBI) monetary policy meeting, which is to be held between August 3 and August 5. "HDFC increases its Retail Prime Lending Rate (RPLR) on housing loans, on which its Adjustable Rate Home Loans (ARHL) are benchmarked, by 25 basis points, with eff...
HDFC increases RPLR by 25 bps with effect from August 1
HDFC increases RPLR by 25 bps with effect from August 1
Source: IANS
31/07/2022 9:15:56 AM
Key News - Housing Development Finance Corporation, Swmabhan Commerce Private Ltd,Nayara Energy, By ARETE Securities KeyNews HDFC approves retail home loans to the tune of Rs 2 trillion in FY22 India’s largest mortgage financier, HDFC Ltd, has approved retail home loans to the tune of Rs 2 trillion in FY22 so far, signifying the huge demand for home loans in an otherwise subdued credit market. This is the highest ever home loan approval by the mortgage financierin a financial year. Interest rates for housing loans are, perhaps, at the lowest levels they have ever been and are one of the key r...
Key News - Housing Development Finance Corporation, Swmabhan Commerce Private Ltd,Nayara Energy, By ARETE Securities
Key News - Housing Development Finance Corporation, Swmabhan Commerce Private Ltd,Nayara Energy, By ARETE Securities
Source: ARETE Securities Ltd
24/03/2022 9:36:13 AM
Technical Stock Idea - Buy Housing Development Finance Corporation Ltd For Target Rs.3000 - Monarch Networth Capital Housing Development Finance Corporation Stock had made multiple bottoms near 2350 level on the weekly chart since Jan 2021. It went below this level last week but there was a strong buying interest at lower level and it recovered sharply. It has closed with hammer candlestick formation along with strong volumes. Momentum indicator Stochastics has also given positive crossover on the weekly chart which indicates continuation of positive momentum. Recommendation is to Buy above 2451 ke...
Technical Stock Idea - Buy Housing Development Finance Corporation Ltd For Target Rs.3000 - Monarch Networth Capital
Technical Stock Idea - Buy Housing Development Finance Corporation Ltd For Target Rs.3000 - Monarch Networth Capital
Source: Monarch Networth Capital Ltd
21/02/2022 12:51:47 PM
Update On Housing Development Finance Corporation Ltd By Motilal Oswal Loan assignments higher YoY and QoQ; LCR requirement will lead to a minor negative carry Takeaways from HDFC’s pre-quarterly release * HDFC sold down loans worth INR74.7b in 3QFY22 v/s INR70.8b YoY and INR71.3b QoQ. We expect HDFC Ltdto report an upfront assignment income of INR3.8-4b from the sell-down. Important to note that HDFC has sold ~INR200b worth of loans in 9MFY22 v/s ~INR115b in 9MFY21. * Profit from the sale of investments was zero. In 3QFY21, it had reported a...
Update On Housing Development Finance Corporation Ltd By Motilal Oswal
Update On Housing Development Finance Corporation Ltd By Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
4/01/2022 11:38:39 AM
Weekly Tech Picks - Infosys Ltd, Astec LifeSciences Ltd, IndusInd Bank Ltd, Housing Development Finance Corporation Ltd By Axis Securities Infosys Ltd * On the weekly chart, the stock has decisively broken out its five months consolidation formation on a closing basis * This breakout is accompanied with huge volumes indicating increased participation on rally * The stock was observed from its 20, 50 and 100 Day SMA support zone which reconfirm bullish sentiments * The daily and weekly strength indicator RSI and the momentum indicator Stochastic both are in bullish mode which supports rising strength as well as m...
Weekly Tech Picks - Infosys Ltd, Astec LifeSciences Ltd, IndusInd Bank Ltd, Housing Development Finance Corporation Ltd By Axis Securities
Weekly Tech Picks - Infosys Ltd, Astec LifeSciences Ltd, IndusInd Bank Ltd, Housing Development Finance Corporation Ltd By Axis Securities
Source: Axis Securities Ltd
19/12/2021 11:35:46 AM
Stock Picks - Housing Development Finance Corporation Ltd and Dr Reddy’s Laboratories​​​​​​​ Ltd By ICICI Direct Housing Development Finance Corporation Buy Housing Development Finance Corporation Ltd @ 2768.00-2774.00 CMP 2771.60 TGT 2824.00 SL 2742.40   Dr Reddy’s Laboratories Sell Dr Reddy’s Laboratories Ltd @ 4506.00-4512.00 CMP 4504.95 TGT 4426.60 SL 4554.30​​​​​​​   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/Sta...
Stock Picks - Housing Development Finance Corporation Ltd and Dr Reddy’s Laboratories​​​​​​​ Ltd By ICICI Direct
Stock Picks - Housing Development Finance Corporation Ltd and Dr Reddy’s Laboratories​​​​​​​ Ltd By ICICI Direct
Source: ICICI Direct
7/12/2021 11:40:56 AM
Large Cap : Buy Housing Development Finance Corporation Ltd For Target Rs.3,355 - Geojit Financial Services   Positive outlook over long-term Housing Development Finance Corporation Limited provides housing finance to individuals and corporates in India. HDFC also provides construction finance to real estate developers and provides lease financing. * Net Interest Income grew 14.1% YoY to Rs. 4,110cr; NIM improved to 3.6% (+40bps YoY). * PAT up 31.7% YoY as spread on loans improved this quarter. Cost to income ratio at 8.2% vs 8.4% in the last quarter. * Strong revival in collect...
Large Cap : Buy Housing Development Finance Corporation Ltd For Target Rs.3,355 - Geojit Financial Services
Large Cap : Buy Housing Development Finance Corporation Ltd For Target Rs.3,355 - Geojit Financial Services
Source: Geojit Financial Services Ltd
8/11/2021 5:15:54 PM
Buy Housing Development Finance Corporation Ltd For Target Rs.3,307 - ICICI Securities Non-individual stress pool steady; lower credit cost resulted in upbeat PAT HDFC Ltd’s Q1FY22 result reflects its superior portfolio quality with stress (stage2/3) pool being contained at 9.2%. Individual segment saw 40-50bps rise in stage2/3 as collections were being hampered while resolution in non-individual segment supported steady stress pool. Credit cost was capped <60bps beating our earnings expectations. On stress pool (stage-2/3) of 25%/4.1% in nonindividual/individual...
Buy Housing Development Finance Corporation Ltd For Target Rs.3,307 - ICICI Securities
Buy Housing Development Finance Corporation Ltd For Target Rs.3,307 - ICICI Securities
Source: ICICI Securities
9/09/2021 11:45:10 AM
Stock Picks - Housing Development Finance Corporation Ltd and Deepak Nitrite Ltd By ICICI Direct Housing Development Finance Corporation Buy Housing Development Finance Corporation Ltd @ 2723.00-2728.00 CMP 2723.10 TGT 2778.00 SL 2697.40   Deepak Nitrite  Buy Deepak Nitrite Ltd @ 2142.00-2146.00 CMP 2140.75 TGT 2187.00 SL 2122.30   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html  ...
Stock Picks - Housing Development Finance Corporation Ltd and Deepak Nitrite Ltd By ICICI Direct
Stock Picks - Housing Development Finance Corporation Ltd and Deepak Nitrite Ltd By ICICI Direct
Source: ICICI Direct
30/08/2021 10:46:52 AM
Buy Housing Development Finance Corporation Ltd For Target Rs.3,275 - Motilal Oswal Strong operating performance across parameters * HDFC’s core PBT grew 19% YoY to INR33.4b (estimate of INR34.2b) of). NII (ex-assignment income) at INR40.3b was 4% above our estimate. On the other hand, provisions at INR7.2b were much higher than our est. of INR3.8b. Better-than-expected MTM gains on investment led to a 12% beat on reported PAT (+9 QoQ /42% YoY). * For FY21, core PBT / core operating profit grew a healthy 15%/17% YoY to INR126b/INR146b, despite an additional ESOP ...
Buy Housing Development Finance Corporation Ltd For Target Rs.3,275 - Motilal Oswal
Buy Housing Development Finance Corporation Ltd For Target Rs.3,275 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
28/05/2021 10:18:57 AM
Buy Housing Development Finance Corporation Ltd For Target Rs. 3100 - ICICI Direct Improving business traction bodes well… A healthy revival in credit offtake, especially individual segment thereby leading to improvement in operational performance remained a key highlight of the quarter. Asset quality remained broadly resilient. For Q4FY21, the company posted a healthy operational performance with NII growth of 10% YoY to | 3918 crore, driven by margin expansion and healthy AUM growth. Reported NIM was at 3.5%, up ~10 bps QoQ, YoY. Expansion in NIMs was aided by 8...
Buy Housing Development Finance Corporation Ltd For Target Rs. 3100 - ICICI Direct
Buy Housing Development Finance Corporation Ltd For Target Rs. 3100 - ICICI Direct
Source: ICICI Direct
21/05/2021 12:32:23 PM
Large Cap : Buy Housing Development Finance Corporation Ltd For Target Rs. 2,860 - Geojit Financial Positive outlook over long-term Housing Development Finance Corporation Limited provides housing finance to individuals and corporates in India. HDFC also provides construction finance to real estate developers and provides lease financing. * NII grew moderately at 14.1% YoY with NIM of 2.9%. * PAT jumped 42.4% due to lower provisioning (-43.5% YoY) and lower operating expenses. * Deposits reached Rs. 150,131cr (+13.5%YoY) and Advances to Rs. 485,294cr (10.3% YoY). * Robust pic...
Large Cap : Buy Housing Development Finance Corporation Ltd For Target Rs. 2,860 - Geojit Financial
Large Cap : Buy Housing Development Finance Corporation Ltd For Target Rs. 2,860 - Geojit Financial
Source: Geojit Financial Services Ltd
12/05/2021 12:54:59 PM
Buy Housing Development Finance Corporation Ltd For Target Rs. 3,140 - Emkay Global Healthy operating performance backed by consistent growth revival * HDFC reported ~19% yoy growth in individual loans (adjusting for loans sold) as of FY21, with individual disbursements up ~42% yoy in H2FY21 post the gradual unlocking of the economy. Going forward, we remain optimistic about demand for individual housing amid lower interest rates, SOPs offered by state governments and competitive environment. * NIMs remained stable at ~3.5% in Q4FY21, supported by steady spreads of ~22...
Buy Housing Development Finance Corporation Ltd For Target Rs. 3,140 - Emkay Global
Buy Housing Development Finance Corporation Ltd For Target Rs. 3,140 - Emkay Global
Source: Emkay Global Financial Services Ltd
11/05/2021 9:05:39 AM
Buy HDFC Ltd For Target Of Rs.3,231 - ICICI Securities Co-origination partnership with Indiabulls – to complement business growth HDFC has entered into a strategic co-lending partnership with Indiabulls Housing Finance (IHFL) to offer retail housing loans at competitive rates. We believe the partnership will complement business growth for both the companies by jointly addressing the competitive as well as untapped home loan market. HDFC can leverage on IHFL’s potential scalability (IHFL is targeting to increase its retail customer ...
Buy HDFC Ltd For Target Of Rs.3,231 - ICICI Securities
Buy HDFC Ltd For Target Of Rs.3,231 - ICICI Securities
Source: ICICI Securities Ltd
23/04/2021 10:28:52 AM
Weekly Recommendation - Long HDFC Ltd For Target Of Rs. 2890 By ICICI Direct Rationale NBFCs have been in focus post Union Budget and heavyweights like HDFC Ltd with low leverage may witness fresh buying. Being the leader in the space, it continues to outperform and managed to make new lifetime highs. As the stock moved higher closure was seen in most Call options and positions moved to 2900 and 3000 strike. We feel the stock is well placed to move towards | 2900 levels and give support to the index if selling comes in other heavyweights. Long HDFC Ltd (HDFC...
Weekly Recommendation - Long HDFC Ltd For Target Of Rs. 2890 By ICICI Direct
Weekly Recommendation - Long HDFC Ltd For Target Of Rs. 2890 By ICICI Direct
Source: ICICI Direct
15/02/2021 11:17:02 AM