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    500010   INE001A01036

HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED

(500010)
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Indian shares end higher as inflation data eases policy tightening worries

07/13/2021 | 06:39am EDT
FILE PHOTO: A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai

BENGALURU (Reuters) - Indian shares ended higher on Tuesday, driven by gains in financials, as a lower-than-expected rise in June inflation eased concerns over policy tightening by the central bank.

The blue-chip NSE Nifty 50 index ended 0.76% higher at 15,812.35 and the benchmark S&P BSE Sensex rose 0.76% to 52,769.73.

Retail inflation in the country rose less than expected in June at 6.26%, strengthening the view that the central bank could keep policy rates at current levels to support an economy hit hard by the COVID-19 pandemic.

While the monthly inflation print was above the upper range of the central bank's 2%-6% target, price pressures appeared to be easing, economists said.

The Nifty Bank index ended 1.34% higher, its sixth session of gains in eight. Shares of ICICI Bank firmed 2.9%, while HDFC Ltd advanced 2.7% and was among the top boosts to the index.

The Nifty finance index rose 1.48%.

The Nifty realty index was up 0.38% and the Nifty Infra index 0.54% higher. The indexes have so far this year gained 21% and 20%, respectively, as the shift to working from home fuels interest in the sectors.

Drugmaker Sun Pharmaceutical rose 2.2%, helping the Nifty Pharma index close 0.61% higher.

The Nifty Auto index rose 0.57%, driven by gains in Jaguar Land Rover parent Tata Motors, which gained 1.1%.

Meanwhile, the benchmark 10-year bond yield closed down 2 basis points at 6.20%, while the partially convertible rupee ended at 74.4925/5025 per dollar against its Monday close of 74.57.

Sentiment globally also got a boost from better-than-expected Chinese export data that helped global markets touch record levels.

(Reporting by Shivani Singh in Bengaluru; Editing by Aditya Soni)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED 0.45% 2825.3 End-of-day quote.10.42%
ICICI BANK LIMITED -0.97% 720.15 Delayed Quote.34.59%
SUN PHARMACEUTICAL INDUSTRIES LTD. -1.43% 769.9 Delayed Quote.29.97%
TATA MOTORS LIMITED -1.01% 308.5 End-of-day quote.67.94%
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Financials
Sales 2022 216 B 2 932 M 2 932 M
Net income 2022 134 B 1 821 M 1 821 M
Net Debt 2022 - - -
P/E ratio 2022 38,1x
Yield 2022 0,96%
Capitalization 5 107 B 69 312 M 69 302 M
Capi. / Sales 2022 23,6x
Capi. / Sales 2023 21,5x
Nbr of Employees 3 226
Free-Float 99,0%
Chart HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED
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Housing Development Finance Corporation Limited Technical Analysis Chart | 500010 | INE001A01036 | MarketScreener
Technical analysis trends HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED
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Mean consensus -
Number of Analysts 0
Last Close Price 2 825,30 
Average target price
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Managers and Directors
Keki M. Mistry Vice Chairman & Chief Executive Officer
V. Srinivasa Rangan Executive Director & Chief Financial Officer
Deepak Shantilal Parekh Non-Independent Non-Executive Chairman
Dipta Bhanu Gupta Senior GM-Accounts & Information Technology
R. Arivazhagan Chief Information Technology Officer