For Quick Alerts
For Daily Alerts

HDFC Shares Decline 2.6%; Stock Fails To Cheer PBOC's 1.1% Stake


While in the pre-opening session on April 13, shares of Housing Development Finance Corporation Limited advanced, in the opening trade it continued to extend its losses.

HDFC Shares Decline 2.6%; Stock Fails To Cheer PBOC's 1.1% Stake

The stock did not seem to cheer the latest shareholding pattern wherein it was announced that PBOC (China's central bank) has increased its stake in the bank in the quarter ended March. Usually, central banks through their sovereign wealth funds buy into company stocks.

The decline shall be on account of the negatives faced by the housing finance companies as well as NBFCs as their customers are not likely being given the moratorium benefit announced by the RBI.

So, there is threat to more NPAs from customers of these institutions amid lockdown.

Read more about: hdfc
Story first published: Monday, April 13, 2020, 9:36 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more