HDFC gains 1%; to raise Rs. 2,000 cr via bonds

The stock opened at Rs. 1,207 as against the previous close of Rs. 1,195 on BSE. It has hit a high of Rs. 1,215 and a low of Rs. 1,200 on BSE today.

Shares of HDFC Ltd trading higher 1% at Rs. 1,208 on BSE today. The Smart City projects announced across the country would help boost demand for home loans. The stock was in demand on buzz that its insurance arm, HDFC Life, is likely to divest 25 percent stake via public offering soon. HDFC holds around 61.65 percent equity in HDFC Life. It has also raised Rs. 2,000 crore through sale of bonds in order to boost lending operations and meet its future capital needs.

The stock opened at Rs. 1,207 as against the previous close of Rs. 1,195 on BSE. It has hit a high of Rs. 1,215 and a low of Rs. 1,200 on BSE today.

Total traded quantity on the counter stood at over 0.25 lk shares on BSE.

Meanwhile, the BSE Sensex is up 400 points at 26,630.