HDFC (Housing Development Finance Corporation) aims to raise up to Rs 500 crores with the help of rupee-denominated bonds from overseas investors. This mentioned issue will open on 1st October 2016 and will close on the same date.The pricing as well as tenure of the bonds to be issued in regards to the said issue will be intimated to in the due course.
In the month of July this year, in the first-ever masala bond issue, HDFC had raised Rs 3,000 crores through rupee-denominated bonds that got over-subscribed by as much as 4.3 times.
These rupee-denominated bonds also termed as masala bonds are instruments through which Indian entities can raise funds by accessing overseas capital markets, while the bond investors hold the currency risk.
The company offers a whole gamut of products such as loans to individuals, loans to corporate, construction finance as well as lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.
Important Fundamentals:
- Sector- Financial Services-NBFC
- Face Value (Rs.)- 2
- Average Daily Movement [ADM]- 26.71
- Average Volume [20 days]– 20,18,766
- 1 Month Return (%)- (-4.29)
- Consolidated FY 15-16 PE Ratio - 20.81
- Consolidated Trailing PE Ratio - 19.66
- Standalone FY 15-16 PE Ratio - 29.90
- Standalone Trailing PE Ratio - 27.89
- Book Value - 320.83
- Market Cap - Rs 212079.58 (Cr)
- % of Promoter holding pledged – 0
At the moment HDFC share price is trading at Rs 1,329.75 apiece on NSE, down by 0.68 per cent.The share price opened at Rs 1,340.80 from a previous closing of Rs 1,338.90. The intraday high and the intraday low of the share is Rs 1,342.00 and Rs 1,325.15 respectively so far.
No comments:
Post a Comment