HDFC hits 7-month high on realty boom, inches towards record high

The stock hit a seven-month high of Rs 2,852, and is less than 2 per cent away from its record high level of Rs 2,895

Shares of Housing Development Finance Corporation Limited (HDFC) hit a seven-month high of Rs 2,852, up 3 per cent on the BSE in the intra-day trade on Tuesday, on anticipation of pick up in business growth. The upcoming festive season is expected to see a growth in real estate sales, analysts say.

The stock of the largest non-banking finance company (NBFC), engaged in housing finance business, was trading at its highest level since February 2021. It is less than 2 per cent away from its record high level of Rs 2,895, touched on February 16, 2021.

The stock