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    500010   INE001A01036

HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED

(500010)
  Report
End-of-day quote Bombay Stock Exchange  -  2022-10-03
2349.80 INR   +2.93%
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Indian shares end lower as financials and automakers weigh

04/13/2022 | 07:11am EDT
FILE PHOTO: FILE PHOTO: A security guard walks past the logo of the National Stock Exchange inside its building in Mumbai

BENGALURU, April 13 (Reuters) - Indian shares closed lower for a third consecutive session on Wednesday, hurt by financials and auto stocks, while a red hot inflation reading for March fueled expectations of a sooner-than-anticipated interest rate hike.

The NSE Nifty 50 index closed 0.31% down at 17,475.65, and the S&P BSE Sensex declined 0.41% to 58,338.93.

For the truncated week, due to market holidays on Thursday and Friday, the indexes fell more than 1%.

"Macros are quite a concern. With rising yields, foreign institutional investor flows are also negative. We are in to the results season. There is cost inflation for several firms," said Anita Gandhi, a whole-time director at Arihant Capital Markets

Refinitiv data showed foreign investors sold equities worth $1.02 billion in the last four trading sessions.

Meanwhile, India's retail inflation rose nearly 7% year-on-year in March, its highest in 17 months and above the upper limit of the central bank's tolerance band for a third straight month.

"Sharply higher than expected March inflation reading further increases the challenge for the MPC (Monetary Policy Committee) ... We assign a very high probability of a 25 basis points rate hike in the June policy along with a stance change," Kotak Mahindra Bank's Senior Economist Upasna Bhardwaj said.

The Nifty finance index, bank index and auto index were down between 0.75% and 0.87%.

HDFC Ltd, HDFC Bank Bajaj Finserv and automaker Maruti Suzuki were the top percentage losers on the Nifty 50, falling more than 1% each.

(Reporting by Nallur Sethuraman, Rama Venkat in Bengaluru; additional reporting by Gaurav Dogra; editing by Uttaresh.V and Krishna Chandra Eluri)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
GAIL INDIA LIMITED 2.47% 87.25 Delayed Quote.-1.14%
HDFC BANK LIMITED 2.82% 1453 Delayed Quote.-4.47%
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED 2.93% 2349.8 End-of-day quote.-9.16%
LONDON BRENT OIL -0.20% 91.56 Delayed Quote.12.85%
NIFTY 50 2.29% 17274.3 Delayed Quote.-2.69%
NIFTY 500 2.24% 14965.8 Delayed Quote.-2.39%
OIL INDIA LIMITED 2.05% 183.9 Delayed Quote.-9.40%
S&P GSCI NATURAL GAS INDEX -0.98% 316.9773 Real-time Quote.74.53%
S&P GSCI PETROLEUM INDEX -0.16% 336.2821 Real-time Quote.18.21%
SENSEX BSE30 2.25% 58065.47 Real-time Quote.-0.32%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -1.38% 58.2167 Delayed Quote.-19.64%
WTI -0.30% 86.217 Delayed Quote.10.63%
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Financials
Sales 2023 242 B 2 973 M 2 973 M
Net income 2023 157 B 1 929 M 1 929 M
Net Debt 2023 - - -
P/E ratio 2023 27,2x
Yield 2023 1,25%
Capitalization 4 270 B 52 477 M 52 477 M
Capi. / Sales 2023 17,7x
Capi. / Sales 2024 15,4x
Nbr of Employees 3 599
Free-Float 99,1%
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Mean consensus -
Number of Analysts 0
Last Close Price 2 349,80
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Spread / Average Target -
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Managers and Directors
Keki M. Mistry Vice Chairman & Managing Director
V. Srinivasa Rangan Executive Director & Chief Financial Officer
Deepak Shantilal Parekh Non-Independent Non-Executive Chairman
Dipta Bhanu Gupta Senior GM-Accounts & Information Technology
R. Arivazhagan Chief Information Technology Officer