Monday 5 October 2015

HDFC jumps 3% after raising funds

The company has raised about Rs. 100 billion through mix of warrants and non-convertible debentures to qualified institutional investors.


HDFC
HDFC jumped 3% at Rs. 1,239 after the company has raised about Rs. 100 billion through mix of warrants and non-convertible debentures to qualified institutional investors.

The stock  is currently trading at Rs. 1240, up by 40.75 points or 3.4% from its previous closing of Rs. 1199.25 on the BSE.

The scrip opened at Rs. 1211.05 and has touched a high and low of Rs. 1242.2 and Rs. 1206 respectively. So far 1167314(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 189203.84 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1399.8 on 04-Mar-2015 and a 52 week low of Rs. 975.25 on 16-Oct-2014. Last one week high and low of the scrip stood at Rs. 1240 and Rs. 1153.45 respectively.

The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 88.29 % and 11.71 % respectively.

The stock is currently trading below its 200 DMA.

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