Housing Development Finance Corporation Limited is leading housing finance company in India. HDFC share price fluctuation affects Nifty because it carries good weightage among Nifty 50 stocks.
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HDFC Share Price Graph
Incorporated in 1977, Housing Development Finance Corporation Limited or HDFC was formed to meet social needs for housing by giving long term loan for house ownership. In the journey of four decades, the small housing finance company giving loans to Indian middle class has turned into a top brand in housing finance sector in India. Reliable and impeccable service combined with customer centric approach backed up by the global standard of infrastructure has made the company no. 1 in its own business space.
HDFC, by the end of fiscal 2011, served more than 38 lakhs of customers and assisted them in house ownership, disbursing over Rs 3 trillion.
Today it has pan India presence. Its operations control a network of 351 offices providing service to 24oo cities and towns. It also has offices in Dubai, London and Singapore to serve its global customers, NRIs (non-resident Indians) and PIOs (persons of Indian origin).
HDFC has always been adopting innovative approaches which helped it to be no.1 for many years. For customers’ benefit, it launched FLIP (flexible loan installment plan) and SURF (set up repayment facility) which helped HDFC to recover outstanding dues easily.
HDFC has been very efficient in the mobilization of deposits. It has mobilized deposits from more than 10 lakh depositors. This approach has been immensely helpful for the company to grew by leaps and bounds. Its deposit products have been receiving ‘AAA’ rating from CRISIL and ICRA for over sixteen consecutive years which is the highest rank of safety for deposits.
Its subsidiaries and associates are
- HDFC Bank
- HDFC Life Insurance Company ltd.
- HDFC sales
- HDFC Asset Management Company ltd.
- HDFC ERGO GEneral Insurance Company ltd. (earlier HDFC General Insurance Company ltd.)
- Other companies co-promoted by HDFC with others
Company Financials – HDFC share price is Rs 1633.45 (as on 20.06.17, EOD) in BSE. As per latest data, the standalone basis P/E is 34.9 versus average industry PE of 25.22, EPS is Rs 46.8. Market cap is Rs 2,59,764 crores. The face value of share is Rs 2.
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