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India's HDFC Bank to replace HDFC Ltd on MSCI indexes India's biggest private lender HDFC Bank will replace Housing Development Finance Corp (HDFC) Ltd on MSCI Global Standard indexes from July 13, following the merger of two companies, an MSCI notice showed on Friday. HDFC and HDFC Bank completed their $40 billion merger, the largest in India's corporate history on July 1 and have set July 13 as the "record date" for shareholders to swap HDFC's shares with those of HDFC Bank. Reuters had reported in June that after t...
India's HDFC Bank to replace HDFC Ltd on MSCI indexes
India's HDFC Bank to replace HDFC Ltd on MSCI indexes
Source: Reuters
7/07/2023 8:00:01 PM
HDFC Bank says merged loan book with HDFC at $273.8 billion as of June end India's HDFC Bank on Wednesday said its merged loan book with Housing Development Finance Corporation stood at about 22.45 trillion rupees ($273.77 billion) as at the end of the June quarter. HDFC Bank merged with HDFC on July 1 in a $40 billion merger, the largest in India's corporate history, entering the coveted list of the world's top 10 banks by market capitalisation. HDFC Bank said its loan book rose 13.1% in the June quarter from a year ago on a proforma basis, though...
HDFC Bank says merged loan book with HDFC at $273.8 billion as of June end
HDFC Bank says merged loan book with HDFC at $273.8 billion as of June end
Source: Reuters
5/07/2023 9:14:15 AM
LTIMindtree to replace HDFC in India's Nifty 50 index on July 13 Indian stock exchange NSE on Tuesday said its Index Maintenance Sub-Committee has decided to replace Housing Development Finance Corporation (HDFC) with LTIMindtree in the benchmark Nifty 50 index, effective July 13. The replacement comes after HDFC merged with HDFC Bank on July 1. Analysts had earlier said that LTIMindtree was an expected replacement in the Nifty 50 index after HDFC stops trading. As per preliminary calculations of Nuvama Alternative and Quantitative Research analys...
LTIMindtree to replace HDFC in India's Nifty 50 index on July 13
LTIMindtree to replace HDFC in India's Nifty 50 index on July 13
Source: Reuters
4/07/2023 7:42:32 PM
Analysis-HDFC Bank-HDFC merger set to shake up debt funding for non-bank borrowers The merger of Housing Development Finance Corp and HDFC Bank is set to shake up the debt fundraising market for non-bank financiers in India as the exit of a large borrower will leave investors searching for other options, at least six mutual fund managers said. The void left by HDFC could benefit other housing finance companies, which will now be able to borrow funds at a lower cost as supply diminishes even though demand for such debt remains steady, they told Reuters. A $40-billion m...
Analysis-HDFC Bank-HDFC merger set to shake up debt funding for non-bank borrowers
Analysis-HDFC Bank-HDFC merger set to shake up debt funding for non-bank borrowers
Source: Reuters
23/06/2023 5:32:32 PM
HDFC gains on executing definitive agreement to subscribe stake in Bonito Designs Housing Development Finance Corporation is currently trading at Rs. 2729.80, up by 14.70 points or 0.54% from its previous closing of Rs. 2715.10 on the BSE. The scrip opened at Rs. 2705.00 and has touched a high and low of Rs. 2734.00 and Rs. 2700.55 respectively. So far 6690 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2867.00 on 04-May-2023 and a 52 week low of Rs. 2133.45 on 01-Jul-2022. Last one week hig...
HDFC gains on executing definitive agreement to subscribe stake in Bonito Designs
HDFC gains on executing definitive agreement to subscribe stake in Bonito Designs
Source: Accord Fintech
23/06/2023 11:07:48 AM
India cenbank gives HDFC Bank selective regulatory relief post HDFC merger  The Reserve Bank of India has allowed HDFC Bank Ltd and Housing Development Finance Corporation select regulatory relief to smooth out the merger between the two organisations, set to conclude by July this year. The central bank has permitted the bank to meet priority sector lending requirements in a staggered fashion over three years, the bank said in an exchange notification. These requirements, which include lending to weaker segments of the economy, are linked to an organisati...
India cenbank gives HDFC Bank selective regulatory relief post HDFC merger
India cenbank gives HDFC Bank selective regulatory relief post HDFC merger
Source: Reuters
21/04/2023 4:16:05 PM
HDFC soars after its arm inks pact to acquire stake in Loyalie Housing Development Finance Corporation is currently trading at Rs. 2761.50, up by 19.45 points or 0.71% from its previous closing of Rs. 2742.05 on the BSE. The scrip opened at Rs. 2730.00 and has touched a high and low of Rs. 2762.90 and Rs. 2730.00 respectively. So far 40135 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2815.00 on 17-Apr-2023 and a 52 week low of Rs. 2026.55 on 17-Jun-2022. Last one week hi...
HDFC soars after its arm inks pact to acquire stake in Loyalie
HDFC soars after its arm inks pact to acquire stake in Loyalie
Source: Accord Fintech
21/04/2023 4:01:41 PM
India's HDFC raises $3 billion in largest-ever local bond issue-bankers india's Housing Development Finance Corp raised its target of 250 billion rupees ($3.03 billion) in the country's largest privately placed corporate bond issue on Thursday, merchant bankers said. "The participation was from across investor categories, LIC (Life Insurance Corp) being one of the largest ones, along with other insurance companies, provident funds, banks, mutual funds and pension trusts," VS Rangan, executive director at HDFC told Reuters. The country'...
India's HDFC raises $3 billion in largest-ever local bond issue-bankers
India's HDFC raises $3 billion in largest-ever local bond issue-bankers
Source: Reuters
16/02/2023 2:35:01 PM
Lentra forays into Southeast Asia, aims $100 mn in ARR by 2024  Digital lending Cloud platform Lentra on Tuesday announced its entry into the South East Asian markets of Indonesia, the Philippines and Vietnam to cater to their growing lending needs. With this expansion, Lentra aims to reach $100 million in annual recurring revenue (ARR) by March 2024. The move follows the company's latest fundraise of $60 million in a Series B round led by Bessemer Venture Partners, Susquehanna International Group (SIG), and Citi Ventures. Lentra said i...
Lentra forays into Southeast Asia, aims $100 mn in ARR by 2024
Lentra forays into Southeast Asia, aims $100 mn in ARR by 2024
Source: IANS
14/02/2023 11:47:53 AM
HDFC rises on reporting 15% rise in Q3 consolidated net profit Housing Development Finance Corporation is currently trading at Rs. 2648.30, up by 35.50 points or 1.36% from its previous closing of Rs. 2612.80 on the BSE. The scrip opened at Rs. 2633.35 and has touched a high and low of Rs. 2649.80 and Rs. 2612.90 respectively. So far 4602 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2855.35 on 04-Apr-2022 and a 52 week low of Rs. 2026.55 on 17-Jun-2022. Last one week hig...
HDFC rises on reporting 15% rise in Q3 consolidated net profit
HDFC rises on reporting 15% rise in Q3 consolidated net profit
Source: Accord Fintech
3/02/2023 10:49:19 AM
India`s largest mortgage lender HDFC misses Q3 profit view on higher funding costs  Housing Development Finance Corp (HDFC), India's largest mortgage lender, reported a 13.2% rise in third-quarter profit on Thursday, missing estimates, as higher funding costs took the shine off strong housing loan growth. Housing demand has remained strong in India despite a flurry of interest rates hikes last year, as a burgeoning rising middle class buys real estate. Increased funding costs, however, have compressed net interest margins and net interest income. Profit rose ...
India`s largest mortgage lender HDFC misses Q3 profit view on higher funding costs
India`s largest mortgage lender HDFC misses Q3 profit view on higher funding costs
Source: Reuters
2/02/2023 2:13:16 PM
Housing Development Finance Corporation to issue 10-year bonds  India's Housing Development Finance Corp plans to raise at least 30 billion rupees ($370.5 million) through the sale of bonds maturing in 10 years, three merchant bankers said on Monday. The housing finance company has invited coupon and commitment bids from bankers and investors on Tuesday, they added. The issue will also have a greenshoe option to retain an additional 20 billion rupees and will close for subscription later this week. The bonds are rated AAA by CRISIL and ...
Housing Development Finance Corporation to issue 10-year bonds
Housing Development Finance Corporation to issue 10-year bonds
Source: Reuters
23/01/2023 9:25:42 AM
HDFC likely to raise at least 30 billion rupees via bonds next week . India's Housing Development Finance Corp (HDFC) will return to bond market after a gap of two months, three merchant bankers said on Friday. The company plans to raise at least 30 billion rupees ($369.26 million) through bonds maturing in 10 years, they added. The housing financier is likely to invite the coupon bids from investors and bankers next week and is yet to make an official announcement of the issue on an electronic bidding platform. The issue will also have a greenshoe optio...
HDFC likely to raise at least 30 billion rupees via bonds next week .
HDFC likely to raise at least 30 billion rupees via bonds next week .
Source: Reuters
20/01/2023 12:21:28 PM
HDFC to issue 1-year CP  India's Housing Development Finance Corp plans to raise funds by issuing commercial papers maturing in one year, three merchant bankers said on Thursday. The non banking finance company will offer a yield of 7.88% on this issue, and has received commitments worth 6.50 billion rupees ($79.89 million) so far, they said. The notes are rated A1+ by CRISIL. ($1 = 81.3600 Indian rupees)
HDFC to issue 1-year CP
HDFC to issue 1-year CP
Source: Reuters
19/01/2023 1:45:02 PM
LIC jumps on increasing stake in HDFC to over 5% Life Insurance Corporation of India is currently trading at Rs. 653.50, up by 1.75 points or 0.27% from its previous closing of Rs. 651.75 on the BSE. The scrip opened at Rs. 648.35 and has touched a high and low of Rs. 657.70 and Rs. 648.35 respectively. So far 75541 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 920.00 on 17-May-2022 and a 52 week low of Rs. 588.00 on 21-Oct-2022. Last one week high and low ...
LIC jumps on increasing stake in HDFC to over 5%
LIC jumps on increasing stake in HDFC to over 5%
Source: Accord Fintech
7/12/2022 12:15:41 PM
Update on Housing Development Finance Corporation Ltd by Motilal Oswal Raises Retail Prime Lending Rate on Housing loans by 50bp * HDFC has raised the Retail Prime Lending Rate (RPLR) on Housing loans by 50bp, with effect from 10th Jun’22. RPLR is the floating rate on which Home loans are benchmarked. This is the fourth such increase in RPLR since 1st May ’22. HDFC has now cumulatively increased the RPLR by 90bp. This suggests that, within Home loans, the increase in the interest rate is in line with the increase in the repo rate and is faster tha...
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
11/06/2022 10:39:59 AM
HDFC gains on launching spot offer for home loan on WhatsApp Housing Development Finance Corporation is currently trading at Rs. 2212.20, up by 21.20 points or 0.97% from its previous closing of Rs. 2191.00 on the BSE. The scrip opened at Rs. 2202.00 and has touched a high and low of Rs. 2217.90 and Rs. 2185.75 respectively. So far 27033 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3021.10 on 15-Nov-2021 and a 52 week low of Rs. 2046.30 on 08-Mar-2022. Last one week hi...
HDFC gains on launching spot offer for home loan on WhatsApp
HDFC gains on launching spot offer for home loan on WhatsApp
Source: Accord Fintech
18/05/2022 12:30:20 PM
HDFC gains on reporting 22% rise in Q4 consolidated net profit Housing Development Finance Corporation is currently trading at Rs. 2263.50, up by 35.35 points or 1.59% from its previous closing of Rs. 2228.15 on the BSE. The scrip opened at Rs. 2194.70 and has touched a high and low of Rs. 2266.75 and Rs. 2190.65 respectively. So far 85778 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3021.10 on 15-Nov-2021 and a 52 week low of Rs. 2046.30 on 08-Mar-2022. Last one week hi...
HDFC gains on reporting 22% rise in Q4 consolidated net profit
HDFC gains on reporting 22% rise in Q4 consolidated net profit
Source: Accord Fintech
2/05/2022 3:42:38 PM
HDFC rises as its arm concludes sale of 12.47% stake in Xpedize Venture Housing Development Finance Corporation (HDFC) is currently trading at Rs. 2240.50, up by 8.45 points or 0.38 % from its previous closing of Rs. 2232.05 on the BSE. The scrip opened at Rs. 2238.00 and has touched a high and low of Rs. 2253.00 and Rs. 2218.00 respectively. So far 21875 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3021.10 on 15-Nov-2021 and a 52 week low of Rs. 2046.30 on 08-Mar-2022. Last one ...
HDFC rises as its arm concludes sale of 12.47% stake in Xpedize Venture
HDFC rises as its arm concludes sale of 12.47% stake in Xpedize Venture
Source: Accord Fintech
14/03/2022 11:07:11 AM
Weekly Tech Picks - Housing Development Finance Corporation Ltd, Hero MotoCorp Ltd, JK Cement Ltd By Axis Securities Housing Development Finance Corporation Limited • The stock has witnessed strong rebound from its one year “multiple support” zone of 2370 levels which remains a crucial support zone • The weekly price action has formed a “hammer” candlestick pattern which is a short term trend reversal pattern . Hence any follow up close above 2451 levels will confirm the pattern Housing Development Finance Corporation LimitedWeekly Tech Picks 18 February,2022levels wi...
Weekly Tech Picks - Housing Development Finance Corporation Ltd, Hero MotoCorp Ltd, JK Cement Ltd By Axis Securities
Weekly Tech Picks - Housing Development Finance Corporation Ltd, Hero MotoCorp Ltd, JK Cement Ltd By Axis Securities
Source: Axis Securities Ltd
21/02/2022 9:48:28 AM
HDFC gains on entering into strategic alliance with India Post Payments Bank Housing Development Finance Corporation is currently trading at Rs. 2922.65, up by 11.10 points or 0.38% from its previous closing of Rs. 2911.55 on the BSE. The scrip opened at Rs. 2915.00 and has touched a high and low of Rs. 2937.30 and Rs. 2913.95 respectively. So far 9446 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2937.75 on 22-Oct-2021 and a 52 week low of Rs. 1907.70 on 30-Oct-2020. Last one week hig...
HDFC gains on entering into strategic alliance with India Post Payments Bank
HDFC gains on entering into strategic alliance with India Post Payments Bank
Source: Accord Fintech
27/10/2021 11:32:27 AM
Buy Housing Development Finance Corporation Ltd Target Rs.3020 - Religare Broking Religare Super Idea   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330   Above views are of the author and not of the website kindly read disclaime
Buy Housing Development Finance Corporation Ltd Target Rs.3020 - Religare Broking
Buy Housing Development Finance Corporation Ltd Target Rs.3020 - Religare Broking
Source: Religare Broking Ltd
26/10/2021 11:37:11 AM
Weekly Tech Picks - Housing Development Finance Corporation Ltd, RITES Ltd, Sterlite Technologies Ltd, Triveni Turbine Ltd By Axis Securities Housing Development Finance Corporation * On the daily chart, the stock has broken out from a “Rounding formation” at 2850 levels on a closing basis along with rising volumes. * The stock is trending up across all the time frames forming a series of higher Tops and higher Bottoms representing strong up trend * This buying momentum was observed from 20-day SMA (2775) which reconfirms bullish sentiments * The daily and weekly strength indicator RSI is in bullis...
Weekly Tech Picks - Housing Development Finance Corporation Ltd, RITES Ltd, Sterlite Technologies Ltd, Triveni Turbine Ltd By Axis Securities
Weekly Tech Picks - Housing Development Finance Corporation Ltd, RITES Ltd, Sterlite Technologies Ltd, Triveni Turbine Ltd By Axis Securities
Source: Axis Securities Ltd
25/10/2021 12:24:07 PM
Update On Housing Development Finance Corporation Buy Motilal Oswal Loan assignments and dividend income higher YoY/QoQ and charge from the fair value of stock options continued Takeaways from HDFC’s pre-quarterly release * HDFC sold down loans worth INR71.3b in 2QFY22 v/s INR30.3b YoY and INR55b QoQ. We expect the company to report an upfront assignment income of INR3.2-3.3b from the sell-down. Note that in the prior fiscal, it sold down ~INR190b worth of loans. * Profit from the sale of investments was ZERO. In the last quarter, it reported a...
Update On Housing Development Finance Corporation Buy Motilal Oswal
Update On Housing Development Finance Corporation Buy Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
16/10/2021 12:25:09 PM
Buy Housing Development Finance Corporation Ltd For Target Rs.3100 - ICICI Direct Steady operations; business to pick up from here on… About the stock: HDFC Ltd is the largest NBFC engaged in housing finance business. It has demonstrated a consistent performance in terms of both business growth as well as asset quality. * Individual loans contribute ~78% of AUM * Stake in subsidiaries in insurance and asset management business aid value.   Q1FY22 Results: HDFC Ltd reported a steady performance amid the second wave. * Moderation in advances gro...
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
2/09/2021 11:54:45 AM
Buy Housing Development Finance Corporation Ltd For Target Rs. 3,307 - ICICI Securities Collection efficiency stable; stage-2 pool down; core steady HDFC Ltd’s FY21 earnings reflects its improving market positioning with capital buffer and efficiency, funding cost benefit and contained stress (stage-2/3 pool at 8.7%). Despite weak real estate sentiment amidst covid and 27% exposure to non-individual segments, credit cost was mere 60bps in Q4FY21 as well as FY21. On stress pool (stage-2/3) of 24%/3% in non-individual/individual segments, HDFC is carrying provisions of 8....
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 Ltd
27/05/2021 11:17:54 AM
HDFC inches up on planning to raise Rs 7,000 crore by issuing bonds on private placement basis Housing Development Finance Corporation is currently trading at Rs. 2538.45, up by 9.55 points or 0.38% from its previous closing of Rs. 2528.90 on the BSE. The scrip opened at Rs. 2547.00 and has touched a high and low of Rs. 2547.65 and Rs. 2529.65 respectively. So far 5420 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2895.35 on 16-Feb-2021 and a 52 week low of Rs. 1486.45 on 26-May-2020. Last one week high...
HDFC inches up on planning to raise Rs 7,000 crore by issuing bonds on private placement basis
HDFC inches up on planning to raise Rs 7,000 crore by issuing bonds on private placement basis
Source: Accord Fintech
26/05/2021 10:10:27 AM
Weekly Recommendation - Short HDFC Ltd For Target Of Rs. 2435 By ICICI Direct Weekly future recommendation: Rationale As the Nifty corrected from the recent high of 15250, stocks from banking and financials tumbled sharply. HDFC Ltd, which saw a decent up move last month witnessed a round of profit booking. However, last week ATM strike of 2600 saw almost 1000 contracts additions, which is likely to keep the stock under pressure. Closure of Put writing positions to lower strikes is indicating more downsides. Among heavyweights, we feel HDFC could remain under pre...
Weekly Recommendation - Short HDFC Ltd For Target Of Rs. 2435 By ICICI Direct
Weekly Recommendation - Short HDFC Ltd For Target Of Rs. 2435 By ICICI Direct
Source: ICICI Direct
8/03/2021 11:35:23 AM