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    500010   INE001A01036

HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED

(500010)
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End-of-day quote Bombay Stock Exchange  -  2022-06-23
2189.15 INR   +1.16%
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Indian shares fall over 2%, rupee hits record low ahead of inflation data

05/12/2022 | 06:59am EDT
A cashier checks Indian rupee notes inside a room at a fuel station in Ahmedabad

BENGALURU, May 12 (Reuters) - Indian shares lost more than 2% on Thursday and the rupee hit an all-time low, as investors shunned riskier assets in the run-up to inflation data which could bolster fears of more rate hikes.

The NSE Nifty 50 index dropped 2.22% to close at 15,808 and the S&P BSE Sensex fell 2.14% to 52,930.31. Both the indexes logged their fifth straight session of losses and hit a two-month low.

The focus was on inflation data due at 1200 GMT. A Reuters poll showed India's retail inflation likely surged to an 18-month high in April, staying well above the central bank's 2%-6% tolerance band for a fourth consecutive month.

Sentiment globally was weaker after data showed U.S. inflation rose sharply in April, deepening fears of aggressive policy tightening by the Federal Reserve and a global economic slowdown.

The Indian rupee plunged to a record low for a second time this week, hitting 77.63 against the dollar. It settled at 77.5025.

Indian stock markets have in recent weeks been roiled by fears of sky-high inflation, a surprise interest rate hike, foreign fund outflows and mixed set of corporate results.

Foreign investors have sold Indian equities worth $2.27 billion so far this month, compared with net buying of $967 million in the same period last month, Refinitiv data showed.

"For Indian markets, inflation and Reserve Bank of India's unexpected rate increase has created some kind of nervousness," said Kranthi Bathini, director of equities strategy at WealthMills Securities.

Reliance Industries, HDFC, Bajaj Finance and Bajaj Finserv were among the top drags on the Nifty 50, falling between 2% and 3%. Adani Ports was the top percentage loser on the Nifty 50 index, falling 6%.

Jaguar Land Rover parent Tata Motors closed down 4.1% down, ahead of its quarterly results.

India's economic growth rate is likely to slow if the central bank hikes interest rates, Finance Secretary TV Somanathan told CNBC TV18 on Thursday.

(Reporting by Rama Venkat in Bengaluru, additional reporting by Gaurav Dogra; Editing by Vinay Dwivedi and Aditya Soni)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ADANI PORTS & SPECIAL ECONOMIC ZONE LIMITED 1.64% 686.4 Delayed Quote.-6.01%
AUSTRALIAN DOLLAR / INDIAN RUPEE (AUD/INR) -0.12% 54.283797 Delayed Quote.-0.25%
BAJAJ FINANCE LIMITED 2.58% 5588 End-of-day quote.-19.91%
BAJAJ FINSERV LIMITED 0.26% 11582.95 Delayed Quote.-29.40%
BANK OF INDIA LIMITED 3.88% 45.5 End-of-day quote.-11.39%
BRITISH POUND / US DOLLAR (GBP/USD) 0.04% 1.2272 Delayed Quote.-9.39%
CANADIAN DOLLAR / INDIAN RUPEE (CAD/INR) 0.93% 60.678 Delayed Quote.2.07%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.01% 0.7752 Delayed Quote.-2.67%
EURO / INDIAN RUPEE (EUR/INR) 0.40% 82.5619 Delayed Quote.-3.03%
EURO / US DOLLAR (EUR/USD) -0.01% 1.0553 Delayed Quote.-7.48%
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED 1.16% 2189.15 End-of-day quote.-15.37%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.15% 0.012783 Delayed Quote.-4.67%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.02% 0.6311 Delayed Quote.-8.10%
NIFTY 50 0.92% 15699.25 Delayed Quote.-9.54%
NIFTY 500 1.09% 13322.5 Delayed Quote.-11.16%
RELIANCE INDUSTRIES LTD 1.42% 2500.05 Delayed Quote.5.57%
SENSEX BSE30 0.88% 52727.98 Real-time Quote.-9.49%
TATA MOTORS LIMITED 0.49% 409.2 End-of-day quote.-15.17%
US DOLLAR / INDIAN RUPEE (USD/INR) 0.00% 78.23 Delayed Quote.4.90%
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Financials
Sales 2022 206 B 2 636 M 2 636 M
Net income 2022 135 B 1 727 M 1 727 M
Net Debt 2022 - - -
P/E ratio 2022 30,4x
Yield 2022 1,13%
Capitalization 3 972 B 50 749 M 50 749 M
Capi. / Sales 2022 19,3x
Capi. / Sales 2023 16,6x
Nbr of Employees 3 599
Free-Float 99,1%
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Number of Analysts 0
Last Close Price 2 189,15
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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