HDFC rose 1.56% to Rs 1,652.75 at 14:10 IST on BSE after the company said that it will issue senior, secured redeemable, non convertible debentures on private placement basis tomorrow, 23 June 2017.
The announcement was made after market hours yesterday, 21 June 2017.Meanwhile, the S&P BSE Sensex was up 163.76 points or 0.52% at 31,456.09.
On the BSE, 35,876 shares were traded on the counter so far as against the average daily volumes of 2.96 lakh shares in the past one quarter. The stock had hit a high of Rs 1,657 and a low of Rs 1,632.60 so far during the day. The stock had hit a 52-week high of Rs 1,680.50 on 13 June 2017. The stock had hit a 52-week low of Rs 1,185 on 5 December 2016.
The stock had outperformed the market over the past one month till 21 June 2017, gaining 6.97% compared with 2.69% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 11.61% as against Sensex's 6.1% gains. The scrip had also outperformed the market in past one year, gaining 31.48% as against Sensex's 16.67% gains.
The large-cap company has equity capital of Rs 318.06 crore. Face value per share is Rs 2.
HDFC said non convertible debentures carry coupon rate of 7.21% per annum with tenor of 1 year 93 days. The issue size is Rs 700 crore.
The object of the issue would be to utilize the funds for financing/refinancing the housing finance business requirements of the company.
HDFC had also announced on 19 June 2017, the issuance of senior, secured, redeemable non convertible debentures of Rs 720 crore on private placement basis on 20 June 2017.
On a consolidated basis, HDFC's net profit fell 11% to Rs 3079.33 crore on 5.3% growth in total income to Rs 18040.59 crore in Q4 March 2017 over Q4 March 2016.
HDFC is India's first retail housing finance company and is currently one of the largest originators of housing loans in the country.
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