Page 9 - Hdfc
HDFC's all-time low core valuations offer an interesting proposition
Trading at 1.3x price-to-book, the asking price of the mortgages business fails to capture some of the key developments
 "HDFC's all-time low core valuations offer an interesting proposition")
HDFC clears Rs 47,000 cr loans to 200,000 home buyers under subsidy scheme
These homebuyers belong to the Economically Weaker Section, Low Income Group and Middle Income Groups, HDFC said in a statement
 "HDFC clears Rs 47,000 cr loans to 200,000 home buyers under subsidy scheme")
LIC Housing: Equity infusion would be preferred over debt capital
At 12 per cent tier-1 capital, the recent decision to raise Rs 50,500 crore of debt funds unlikely to address asset quality issues
 "LIC Housing: Equity infusion would be preferred over debt capital")
Robust foreign inflows, fundraising by banks help rupee fight August curse
ICICI Bank Ltd., Axis Bank Ltd. and mortgage lender HDFC Ltd. have raised a combined Rs 350 billion ($4.7 billion) this month
 "Robust foreign inflows, fundraising by banks help rupee fight August curse")
ICICI Bank raises Rs 15,000 cr in equity; issue price at Rs 358 per share
The issue price represents a 1.9 per cent premium to the floor price determined based on the pricing formula as prescribed under SEBI Regulations
 "ICICI Bank raises Rs 15,000 cr in equity; issue price at Rs 358 per share")
Indices end flat, Sensex falls 37 pts; private banks, pharma stocks decline
All that happened in the markets today
 "Indices end flat, Sensex falls 37 pts; private banks, pharma stocks decline")
HDFC Bank cuts MCLR by 10 bps across tenors, effective from today
After the rate reduction, its overnight MCLR stands reduced to 7%, while one-month MCLR is 7.05%, according to the HDFC Bank website
 "HDFC Bank cuts MCLR by 10 bps across tenors, effective from today")
HDFC launches Rs 14,000 crore QIP at floor price of Rs 1,838; stock up 1.5%
The floor price is at a 3.5 per cent premium of Wednesday's close price. The company will use part of fresh capital for funding inorganic opportunities and investments in existing group businesses.
HDFC to raise Rs 14,000 crore, fixes Rs 1,838 as floor price for QIP
Mortgage lender will use part of capital to fund inorganic opportunities and investments in existing group businesses
 "HDFC to raise Rs 14,000 crore, fixes Rs 1,838 as floor price for QIP")
HDFC's pre-tax profit dips 9.5% to Rs 3,607 cr in Q1, NII at Rs 3,392 cr
Net profit of the lender was down 4.73 per cent to Rs 3,051.52 crore versus Rs 3,203.10 crore in the same period last year
 "HDFC's pre-tax profit dips 9.5% to Rs 3,607 cr in Q1, NII at Rs 3,392 cr")
HDFC Q1 PAT dips 5% YoY to Rs 3,051 cr; Board approves to raise Rs 45K cr
The HFC's revenue from operations stood at Rs 13,017.68 crore for the quarter under review, compared Rs 12,990.29 crore earned in the previous year quarter
F&O Expiry: Financials drag indices, Sensex falls 335 pts; HDFC slips 4%
All that happened in the markets today
 "F&O Expiry: Financials drag indices, Sensex falls 335 pts; HDFC slips 4%")
Market Ahead, July 30: All you need to know before the opening bell
The quarterly results announcement by Reliance Industries and HDFC will be the major market mover today. Analysts expect a dent in RIL's retail and energy verticals in the June quarter
 "Market Ahead, July 30: All you need to know before the opening bell")
Market Ahead, July 27: Top factors that could guide markets this week
This week, domestic equity markets will largely be steered by corporate earnings, developments on US-China relations front and Covid-19 trends
 "Market Ahead, July 27: Top factors that could guide markets this week")
Financial stocks crack; Nifty Bank tanks 4%; Axis Bank, SBI slide up to 5%
That apart, NBFC stocks such as Bajaj Financial Holding, Bajaj Finserv, M&M Finance, Choldamandalam Investment and Finance Company, and Bajaj Finance tumbled up to 5 per cent
 "Financial stocks crack; Nifty Bank tanks 4%; Axis Bank, SBI slide up to 5%")
HDFC plans to seek shareholders' approval to raise Rs 45,000 crore
The board of directors of HDFC Ltd will meet on July 30 to announce the quarterly results for the first quarter ended June of the current fiscal, it said in a regulatory filing.
Top headlines: PBOC sells stake in HDFC, Vikas Dubey killed & more
Here are the top headlines of the day
HDFC's board approves raising up to Rs 14,000 cr through various means
The funds will be raised through issuance of equity shares or compulsorily-convertible debentures, non-convertible debentures along with warrants, foreign currency convertible bonds
Pullback on the higher side likely if Nifty holds 10k: Nilesh Jain
The momentum oscillator MACD has provided buy crossover on the Nifty's hourly chart
 "Pullback on the higher side likely if Nifty holds 10k: Nilesh Jain")
Fears about India's retail loan defaults overblown, says Macquarie
"the unanimous feedback has been that there has been a decline in the total loan book under moratorium from the 25-30% numbers reported as of end-May," analysts led by Suresh Ganapathy wrote in a note
 "Fears about India's retail loan defaults overblown, says Macquarie")
