HDFC board has approved to raise Rs 11,301 crore by issuing issuing 6.43 crore shares at Rs 1,726.05 per share to investors.
Over the last week the BSE Sensex rose by 116.53 points or 0.34% to end at 34,056.83, its lifetime high.
With the latest round of funding commitment from the Abu Dhabi sovereign fund, and those from HDFC which is the sponsor, the fund has raised USD 550 million as the corpus.
"RERA is a not only a very important regulation, but also a stringent regulation as far as developers are concerned. A smaller developer may find it difficult to survive in this regime."
The HDFC vice chairman and CEO is of the view that cash transactions in secondary market property deals have dropped after demonetisation because of a sense of fear about undisclosed income
Mortgage lender HDFC has raised Rs 1,300 crore from World Bank-arm IFC through an issue of masala bonds, the specialised debt instruments that are meant to be issued overseas only.
JM Financial is bullish on HDFC has recommended buy rating on the stock with a target price of Rs 1890 in its research report dated October 30, 2017.
Axis Direct is bullish on HDFC has recommended buy rating on the stock with a target price of Rs 1980 in its research report dated November 03, 2017.
Reliance Securities is bullish on HDFC has recommended buy rating on the stock with a target price of Rs 1995 in its research report dated November 01, 2017.
In an interview to CNBC-TV18’s Shereen Bhan, Gerry Grimstone, Chairman of Standard Life from the side-lines of a conclave underway currently in New Delhi shared his bets on the Indian insurance market and the road ahead for them.
While HDFC would dilute its stake from 61.2 per cent to 51.7 per cent, the other promoter UK-based Standard Life's holdings would go down from 35 per cent to 29.35 per cent, an official of the company said.
HDFC will be issuing bonds on private placement basis to augment its housing finance business.
ICICI Direct is bullish on HDFC has recommended Buy rating on the stock with a target price of Rs 2056 in its research report dated October 10, 2017.
Ahead of the The Researve Bank of India's monetary policy meeet, interest rate sensitive stocks including the likes of real Estate, NBFCs and auto stocks were trading in the green while banking stocks were mixed with SBI trading positive and ICICI Bank, HDFC Bank and Axis Bank in the red.
Currently, SBI, HDFC and ICICI Bank are offering home loans starting from 8.35 percent for women borrowers and 8.40 percent for the rest
Ashwani Gujral of ashwanigujral.com recommends buying IndusInd Bank, HDFC and Ajanta Pharma.
Ashwani Gujral of ashwanigujral.com is of the view that Tata Steel a momentum play and recommends holding Bombay dyeing while he feels that NBCC is likley to hit Rs 250.
Mitessh Thakkar of miteshthakkar.com is of the view that one can buy GAIL India and Kajaria Ceramics and sell HDFC, Reliance Infrastructure and MRF.
There is plenty of demand from individuals who are looking to buy a house. Real Estate Regulatory Act (RERA) and goods and services tax (GST) has got nothing to do with the slowdown at least till June because RERA and GST were introduced after July 1, Keki Mistry, VC & CEO of HDFC told CNBC-TV18.
Sanjiv Bhasin of IIFL has an overwweight stance on HDFC and LIC Housing Finance and likes Gruh Finance.
"The object of the issue is to augment the long-term resources of the Corporation. The proceeds of the present issue would be utilised for financing/refinancing the housing finance business requirements of the Corporation," HDFC said in a filing.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell ICICI Bank and Adani Ports and buy United Spirits.
Ashwani Gujral of ashwanigujral.com recommends buying HDFC, Hindalco Industries and Reliance Industries.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Jet Airways and HDFC and buy RBL Bank.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Ashok Leyland, HDFC, Vedanta and Canara Bank and sell Cummins India.