How is HDFC share?

Nuwan05 · 1 How is HDFC share? Fri Apr 06, 2012 10:07 pm

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Guys what do you think about HDFC?

Is it good share to buy?

ccsentha · 2 Re: How is HDFC share? Sat Apr 07, 2012 10:31 pm

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It's prices have dropped making it attractive. Hope some one can give more info on it

sanjaya351 · 3 SPILT Sat Apr 07, 2012 10:41 pm

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ccsentha wrote:It's prices have dropped making it attractive. Hope some one can give more info on it

There was a share split recently 1-10 - that's one reason to this price drop ...

Nuwan05 · 4 Re: How is HDFC share? Sat Apr 07, 2012 10:43 pm

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sanjaya351 wrote:

ccsentha wrote:It's prices have dropped making it attractive. Hope some one can give more info on it

There was a share split recently 1-10 - that's one reason to this price drop ...

Is there a right issue too? when did that share split done?

sanjaya351 · 5 Re: How is HDFC share? Sat Apr 07, 2012 10:51 pm

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sanjaya351 wrote:

ccsentha wrote:It's prices have dropped making it attractive. Hope some one can give more info on it

There was a share split recently 1-10 - that's one reason to this price drop ...

The Housing Development and Finance Corporation (HDFC) has announced a 1 into 10 subdivision of its shares after getting shareholder approval through an extra ordinary general meeting subsequent to approval from the Colombo Stock Exchange.

Sub division proposal follows recent amendment to HDFC’s Act which specified the authorized capital of the entity will be Rs. 2 billion comprising 20 million shares of Rs. 10 each.
Its original authorised capital was Rs. 2 billion divided into 20 million shares of Rs. 100 each.
The corporation has 6,471,022 ordinary voting shares in issue which will translate to 64,710,220 after the subdivision. On Tuesday its share price rose Rs. 64.90 to Rs. 1,464.90 when 2,500 shares were traded.
The group’s income fell 2% to Rs.1.76 billion in the nine months to September 2011 as profits dipped 19% to Rs.199 million over the same period in 2010.
HDFC is a licensed specialised bank which was established in 1984 as a building society and subsequently converted to a public corporation under the Housing Development Finance Corporation Act in 1997 and susequently floated on the Colombo Stock Exchange in 2005. The Government has a 51% stake in the corporation. Board approval for the amendment was received at a board meeting held on 29 December 2011.

Nuwan05 · 6 Re: How is HDFC share? Sat Apr 07, 2012 10:58 pm

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Thank you very much for the info...Let me know one thing..... is this share good buy after split?

ccsentha · 7 Re: How is HDFC share? Sat Apr 07, 2012 11:07 pm

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sanjaya351 wrote:

ccsentha wrote:It's prices have dropped making it attractive. Hope some one can give more info on it

There was a share split recently 1-10 - that's one reason to this price drop ...

The split was 1-10, so before split it was 1057 so after split it should be 105.7 isn't it?

Slstock · 8 Re: How is HDFC share? Sun Apr 08, 2012 12:23 am

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HDFC was one of the overvalued shares in the market before the split. Now it is correcting. There is more room more for it to drop further. I would not touch this unless for a trade.

However note that there are some big party interested in this share( that what made it go up due to its illiquidity before split) and is cash rich . On Pe and nav valuation this is still overvalued.

Rajaraam · 9 Re: How is HDFC share? Sun Apr 08, 2012 1:43 pm

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slstock wrote:HDFC was one of the overvalued shares in the market before the split. Now it is correcting. There is more room more for it to drop further. I would not touch this unless for a trade.

However note that there are some big party interested in this share( that what made it go up due to its illiquidity before split) and is cash rich . On Pe and nav valuation this is still overvalued.

Fully agree with your comment.

Redbulls · 10 Re: How is HDFC share? Sun Apr 08, 2012 1:59 pm

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Rajaraam wrote:

slstock wrote:HDFC was one of the overvalued shares in the market before the split. Now it is correcting. There is more room more for it to drop further. I would not touch this unless for a trade.

However note that there are some big party interested in this share( that what made it go up due to its illiquidity before split) and is cash rich . On Pe and nav valuation this is still overvalued.

Fully agree with your comment.

I also agreeing with you.

lankanesan · 11 Re: How is HDFC share? Tue Apr 10, 2012 8:24 am

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I think this is overvalued also financial institutions such as this will face certain issues in mobilizing deposit which is cheapest raw material for banks

Slstock · 12 Re: How is HDFC share? Tue Apr 10, 2012 2:32 pm

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lankanesan wrote:I think this is overvalued also financial institutions such as this will face certain issues in mobilizing deposit which is cheapest raw material for banks

Maybe getting a loan from abroad might be cheaper?