HDFC's all-time low core valuations offer an interesting proposition

Trading at 1.3x price-to-book, the asking price of the mortgages business fails to capture some of the key developments

Hamsini Karthik Last Updated at September 7, 2020 14:50 IST

Over the weekend, India’s largest housing financier – Housing Development Finance Corporation (HDFC Limited) announced that it has approved Rs 47,000 crore towards the affordable housing segment. This is a significant milestone, given that the lender is often viewed catering to the mid- to upper-market segments.

Higher loans to the affordable housing segment mark its faster penetration in the space. HDFC’s stock traded in the green on Monday, though up less than a per cent. What could bother investors is that despite HDFC creating the largest buffer for tentative ...

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First Published: Mon, September 07 2020. 12:25 IST

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HDFC\'s all-time low core valuations offer an interesting proposition

HDFC's all-time low core valuations offer an interesting proposition

Trading at 1.3x price-to-book, the asking price of the mortgages business fails to capture some of the key developments

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