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    500010   INE001A01036

HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED

(500010)
  Report
End-of-day quote. End-of-day quote Bombay Stock Exchange - 07/30
2440.75 INR   +1.11%
07/27HOUSING DEVELOPMENT FINANCE : Intimation to SE - Earnings call- 270721
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07/27HOUSING DEVELOPMENT FINANCE : Intimation to SE - 260721
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07/26HOUSING DEVELOPMENT FINANCE : Intimation to SE - ESOS- 260721
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Indian shares fall as financials, IT stocks weigh

06/02/2021 | 01:52am EDT

BENGALURU, June 2 (Reuters) - Indian shares slipped on Wednesday, weighed down by financials and information technology stocks, with investors also worried over high valuations following a recent rally.

The blue-chip NSE Nifty 50 index fell 0.48% to 15,500.85 by 0503 GMT, while the benchmark S&P BSE Sensex shed 0.64% to 51,597.22.

"In the medium term, the market should still be positive as economic growth will pick up gradually with capex cycle picking up. But, in the short term, there is a risk of a correction and consolidation in the market as it has run ahead of valuations and is expensive," said Neeraj Dewan, director at Quantum Securities.

The next upmove will be based on how the economy will be opening up again with relaxations given to lockdowns, he said.

Software services firm Infosys Ltd and mortgage lender HDFC Ltd were among the top drags to the Nifty 50, falling 1.4% and 1%, respectively. HDFC has risen in the last six trading sessions out of eight.

Among other losers, cigarettes-to-hotels conglomerate ITC Ltd fell 1.9% after its March-quarter profit slipped.

While the market's sentiment recently has remained upbeat due to a steady decline in daily COVID-19 cases, several economists have warned about the huge second coronavirus wave's impact on the economic growth for the current quarter.

On Wednesday, the country reported 132,788 new cases of COVID-19, well below the 200,000-mark for sixth day. Deaths rose by 3,207.

In Asian markets, shares edged up to near three-month highs and global equities held steady near a record, as data showing higher U.S. manufacturing activity in May cheered investors looking for signs of a continued rebound in the world's largest economy.

(Reporting by Rama Venkat in Bengaluru; editing by Uttaresh.V)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED 1.11% 2440.75 End-of-day quote.-4.61%
INFOSYS LIMITED -0.40% 1610.5 Delayed Quote.28.76%
ITC LIMITED -0.53% 204.95 Delayed Quote.-1.41%
NIFTY 50 -0.10% 15763.05 Delayed Quote.12.85%
All news about HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED
07/27HOUSING DEVELOPMENT FINANCE : Intimation to SE - Earnings call- 270721
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07/27HOUSING DEVELOPMENT FINANCE : Intimation to SE - 260721
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07/26HOUSING DEVELOPMENT FINANCE : Intimation to SE - ESOS- 260721
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07/08HOUSING DEVELOPMENT FINANCE : Board Meeting Advertisement - August 2, 2021
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Financials
Sales 2022 213 B 2 861 M 2 861 M
Net income 2022 139 B 1 867 M 1 867 M
Net Debt 2022 - - -
P/E ratio 2022 32,4x
Yield 2022 1,04%
Capitalization 4 407 B 59 281 M 59 288 M
Capi. / Sales 2022 20,7x
Capi. / Sales 2023 18,6x
Nbr of Employees 3 226
Free-Float 99,0%
Chart HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED
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Technical analysis trends HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED
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Mean consensus -
Number of Analysts
Last Close Price 2 440,75 
Average target price
Spread / Average Target -
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Managers and Directors
Keki M. Mistry Vice Chairman & Chief Executive Officer
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