Housing Development Finance Corporation Ltd., incorporated in the year 1977, is a Large Cap company (having a market cap of Rs 459301.98 Crore) operating in NBFC sector.
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 34082.97 Crore, up 13.79 % from last quarter Sales of Rs 29953.57 Crore and up 3.92 % from last year same quarter Sales of Rs 32796.50 Crore. Company reported net profit after tax of Rs 3392.98 Crore in latest quarter.
HDFC faced stiff resistance around the level of 2700 and the stock retraced back from those levels. The stock has given a fresh breakout on the downside as it closed below its swing low of 2560. Volumes are high on breakout which suggests participation is on the short side.
Promoters held 60.4 per cent stake in the company as of Sept 30, 2020, while FIIs held 23.4 per cent, DIIs 7.3 per cent and public and others 8.8 per cent.