Housing Development Finance Corporation Ltd., incorporated in the year 1977, is a Large Cap company (having a market cap of Rs 482434.07 Crore) operating in NBFC sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 30997.13 Crore, down -13.30 % from last quarter Total Income of Rs 35753.86 Crore and up 3.46 % from last year same quarter Total Income of Rs 29959.34 Crore. Company reported net profit after tax of Rs 3426.31 Crore in latest quarter.
Investment Rationale
The stock has turned upwards after breaking out of a narrow consolidation phase on good volumes. Further, technical indicator RSI has entered the bull territory after taking support at the upper end of the bear territory, confirming strong uptrend dominant at the moment.
Promoter/FII Holdings
Promoters held 21.1 per cent stake in the company as of June 30, 2021, while FIIs held 50.7 per cent, DIIs 17.6 per cent and public and others 10.7 per cent.
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