HDFC gains 2%, hits new high on healthy individual loan disbursement in Q3

HDFC reported a healthy 26 per cent YoY pick-up in individual loan disbursement during the October-December quarter

Shares of Housing Development Finance Corporation (HDFC) hit a record high of Rs 2,623, up 2 per cent on the BSE on Tuesday in an otherwise subdued market after the housing finance company reported a healthy 26 per cent year on year (YoY) pick-up in individual loan disbursement during October-December quarter (Q3FY21).

“The individual loan business continued to see improvements during the quarter ended December 31, 2020. Disbursement growth over the corresponding quarter of the previous year was 26 per cent. Individual loans sold in the preceding 12 months amounted to Rs 16,956 crore,” HDFC said in a regulatory