InvestorQ : How do you see the HDFC stock with the impressive loan growth numbers that it announced for the Dec-20 quarter?
Priyanka N made post

How do you see the HDFC stock with the impressive loan growth numbers that it announced for the Dec-20 quarter?

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Neelam Naik answered.
3 months ago
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If you have been wondering why the stock of HDFC has been consistently moving up in the last few weeks, here is the answer. HDFC reported a reported a healthy 26% YOY growth in individual loan disbursement during the Dec-20 quarter. HDFC actually sold fresh individual home loans to the tune of Rs.16,956 crore in the last one year, in the midst of the pandemic.

In the last one month alone, HDFC gained 1In the past one month the stock has 17% while the index gained only 7%. The strong disbursement was visible during the festival season and the lag effect continued. Contrary to general expectations, the residential realty market saw a swift turnaround, at least in the non-metro cities. Low cost of funds helped profits.

The stock of HDFC is not just about the home finance business but also about the overall holdings that it has in the insurance and other businesses. That also is not fully factored in the price so it is certainly value for money at these levels.

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