Page 22 - Hdfc

Top headlines: HDFC Q2 profit tanks 28%, factory output hits decade high

From NIIF foraying into road and highway sector to HDFC Q2 profit declining, Business Standard brings you top news of the evening

MARKETS: Indices end choppy trade higher; Sensex up 144 pts; RIL sinks 9%

All that happened in the markets today

HDFC Q2 consolidated net profit declines 57.5% to Rs 4,600 crore

Mortgage lender HDFC Ltd on Monday said its consolidated net profit declined by 57.5 per cent to Rs 4,600 crore in the July-September quarter of 2020-21

HDFC Q2 net profit tanks 28% YoY to Rs 2,870 crore, beats Street estimates

The numbers beat profit estimate, cheering investors. The stock soared to day's high of Rs 2,043 apiece on the BSE, up 6.2 per cent, as against 0.65 per cent rise in the benchmark S&P BSE Sensex

HDFC Q2 PAT may dip up to 50% YoY, lower loan restructuring seen: Analysts

Absence of significant profit on investments, and low dividend income of Rs 320 crore YoY could optically make HDFC's pre-provisioning profit look modest, analysts say

HDFC Bank has sufficient financial heft to withstand economic shocks: S&P

The bank, according to the rating agency, has ample capital buffers, as reflected in its Tier-I capital ratio of 17.7 per cent as on September 30, 2020

Chris Wood hikes allocation to Indian equities; raises stake in HDFC

Among Indian stocks, besides HDFC, Wood also holds Reliance Industries (RIL), Maruti Suzuki, SBI Life Insurance, DLF and Cipla

MARKET WRAP: HDFC twins lift indices; Sensex up 601 pts, Nifty tops 11,650

All that happened in the markets today

Biz returning to pre-Covid levels, Sept strongest month in recovery: HDFC

The individual loan business has continued to see a month-on-month improvement in July-September 2020, HDFC Ltd said in a regulatory filing

F&O expiry: Sensex tanks 1,115 pts on global sell-off; Nifty ends at 10,806

All that happened in the markets today

HDFC's all-time low core valuations offer an interesting proposition

Trading at 1.3x price-to-book, the asking price of the mortgages business fails to capture some of the key developments

HDFC clears Rs 47,000 cr loans to 200,000 home buyers under subsidy scheme

These homebuyers belong to the Economically Weaker Section, Low Income Group and Middle Income Groups, HDFC said in a statement

LIC Housing: Equity infusion would be preferred over debt capital

At 12 per cent tier-1 capital, the recent decision to raise Rs 50,500 crore of debt funds unlikely to address asset quality issues

Robust foreign inflows, fundraising by banks help rupee fight August curse

ICICI Bank Ltd., Axis Bank Ltd. and mortgage lender HDFC Ltd. have raised a combined Rs 350 billion ($4.7 billion) this month

ICICI Bank raises Rs 15,000 cr in equity; issue price at Rs 358 per share

The issue price represents a 1.9 per cent premium to the floor price determined based on the pricing formula as prescribed under SEBI Regulations

Indices end flat, Sensex falls 37 pts; private banks, pharma stocks decline

All that happened in the markets today

HDFC Bank cuts MCLR by 10 bps across tenors, effective from today

After the rate reduction, its overnight MCLR stands reduced to 7%, while one-month MCLR is 7.05%, according to the HDFC Bank website

HDFC launches Rs 14,000 crore QIP at floor price of Rs 1,838; stock up 1.5%

The floor price is at a 3.5 per cent premium of Wednesday's close price. The company will use part of fresh capital for funding inorganic opportunities and investments in existing group businesses.

HDFC to raise Rs 14,000 crore, fixes Rs 1,838 as floor price for QIP

Mortgage lender will use part of capital to fund inorganic opportunities and investments in existing group businesses

HDFC's pre-tax profit dips 9.5% to Rs 3,607 cr in Q1, NII at Rs 3,392 cr

Net profit of the lender was down 4.73 per cent to Rs 3,051.52 crore versus Rs 3,203.10 crore in the same period last year