Other than individuals, the report also ranks public traded companies in India. Seven of the largest public traded companies are led or was being most recently led by the individuals in the IIFL Wealth Hurun India Rich List 2020.
Housing finance major HDFC gained 2.5 percent on October 9. The stocks has already rallied 9 percent in last few days
On the sectoral front, except IT, FMCG, pharma and energy other indices ended in the green. BSE Midcap and Smallcap indices rose 0.5 percent each.
Individual loan disbursements were at 95 percent of the level in the corresponding quarter of the previous year, the lender said in a filing.
During the quarter ended September 30, 2020, HDFC assigned loans amounting to Rs 3,026 crore compared to Rs 7, 160 crore in the corresponding quarter of the previous year.
"With the worst of the NBFC crisis now behind for the sector especially concerning the liability side, we see strong franchises like HDFC to be key beneficiaries going forward," said JM Financial.
Vanguard offloaded 7 lakh shares of Housing Development Finance Corp (HDFC) worth Rs 119.84 crore, 3.57 lakh scrips of Hindustan Unilever worth Rs 72.62 crore and 6.06 shares of ICICI Bank for Rs 21.60 crore.
The market valuation of Reliance Industries Limited tumbled Rs 70,189.95 crore to Rs 14,88,797.82 crore.
The issue size for the secured redeemable Non-Convertible Debentures (NCDs) will be Rs 2,500 crore with an option to retain oversubscription of up to Rs 2,500 crore, HDFC Ltd said in a regulatory filing.
Previously on May 22, HDFC bank had reduced its base rate 55 basis points to 8.10 percent.
Banks are keeping an eye on companies that have recorded a spike in trading, dealing with unrelated goods and services, or there’s a sudden outflow of money to other countries.
The mortgage lender is not just a pure play housing finance firm, but also a strong financial conglomerate
ICICI Securities is bullish on HDFC recommended buy rating on the stock with a target price of Rs 2423 in its research report dated September 07, 2020.
Larsen and Toubro MD SN Subrahmanyan and JSW Steel Chairman Sajjan Jindal took the highest pay cut between 43 and 44 percent
Spread across 11.76 acres the project is scheduled to be completed in 2023-24
Mistry also said that RBI’s one-time restructuring was necessary given how many industries were affected by the COVID-19.
Emkay Global Financial is bullish on HDFC has recommended sell rating on the stock with a target price of Rs 2000 in its research report dated July 30, 2020.
Prabhudas Lilladher recommended accumulate rating on HDFC with a target price of Rs 2093 in its research report dated July 30, 2020.
Among different segments, housing finance may remain flat or see small growth of 1 to 2 percent in FY21.
Mortgage lender HDFC remains a key beneficiary of the structural consolidation under way in the housing and real estate financing business
The approval was received at the company's annual general meeting (AGM) held through audio visual medium.
Discounts impact of work-from-home on commercial realty, says many large firms have used the lockdown as an opportunity to snap up good properties when prices are low
The uncertainty due to coronavirus is sure to hit lending institutions in the approaching quarters. Even HDFC can’t be immune to the pandemic effects on economy.