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HDFC gains 5% on improvement in business volumes in September quarter

The quarter witnessed a strong recovery with individual loan disbursements reaching 95 per cent of pre-Covid levels

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SI Reporter Mumbai
Shares of Housing Development Finance Corporation (HDFC) jumped 5 per cent to Rs 1,874 on the BSE on Tuesday after the housing finance company said the individual loan business saw see a sequential month-on-month improvement in the period July to September 2020 (Q2FY21).

The quarter witnessed a strong recovery with individual loan disbursements reaching 95 per cent of pre-Covid levels. The number of loan applications received during Q2FY21 grew 21 per cent year on year (YoY) and 12 per cent quarter on quarter (QoQ) while individual loan approvals grew 31 per cent YoY and 9 per cent QoQ, it

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