Author Topic: hdfc  (Read 1586 times)

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Offline sassy.prak

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hdfc
« on: August 13, 2015, 10:39:56 PM »
hdfc (not bank) looking weak
in the oversold region but closed below the 20 and 50 dmas
is it more likley to test further low levels soon ??
sentiment is weaknes

Offline sassy.prak

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Re: hdfc
« Reply #1 on: August 14, 2015, 01:29:53 PM »
@stockchartist sir
sir did it form  a doji pattern in the bottom, i dont know much about it please confirm
thanks
sentiment is weaknes

Offline sassy.prak

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Re: hdfc
« Reply #2 on: August 14, 2015, 02:26:18 PM »
so should it be taken into consideration because if i have not read wrong , doji points to reversal
sentiment is weaknes

Offline sassy.prak

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Re: hdfc
« Reply #3 on: August 14, 2015, 03:32:47 PM »
sir my question was about the doji pattern , can it be taken as yes or no ??
sentiment is weaknes

Offline srigopal Bhattad

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Re: hdfc
« Reply #4 on: August 17, 2015, 08:42:42 AM »
HDFC to sell 9% stake in HDFC Life to UK co for Rs 1700 cr

HDFC today said it will sell 9 percent stake in HDFC Life to its British joint venture partner Standard Life for a little over Rs 1,700 crore. The British firm would be increasing its stake to 35 percent from 26 percent as the Indian government has allowed up to 49 percent FDI in the domestic insurance sector. In a regulatory filing, HDFC (Housing Development Finance Corporation) said it would sell little over 17.95 crore shares in the insurance joint venture at a price of Rs 95 apiece to Standard Life. This 9 percent stake would be worth over Rs 1,705 crore and the stake sale would be subject to necessary regulatory approvals. Post the sale, HDFC's stake in the joint venture would come down to 61.65 percent. HDFC said Standard Life's stake in the joint venture was earlier restricted to 26 percent as per the FDI norms. But they had understanding that the British insurer would raise stake to parity with HDFC at such time as legislation allowed. After the increase in the FDI limit in the sector, the two companies have had discussions and today's agreement will see Standard Life increase its stake in HDFC Life to only 35 percent, it added. Commenting on the development, HDFC Chairman Deepak Parekh said: "I am delighted that Standard Life is increasing its stake in HDFC Life to 35 percent. The founding shareholders are also committed to obtaining a listing for HDFC Life. This will allow investors to participate in the growing Indian insurance sector." Standard Life plc CEO Keith Skeoch said, "The proposed investment demonstrates our long-term commitment to India and the future success of HDFC Life." HDFC Life Managing Director and CEO Amitabh Chaudhry said, "This transaction is in line with the long-term vision of shareholders to jointly build a world class life insurance company. We continue to focus on long-term protection and saving needs of India and delivering sustainable performance." Standard Life is listed on the London Stock Exchange and has around 1.2 million individual shareholders in over 50 countries around the world. It has businesses in the UK, Europe, North America, Asia and Australia. HDFC stock price On August 13, 2015, Housing Development Finance Corporation closed at Rs 1299.80, up Rs 42.75, or 3.40 percent. The 52-week high of the share was Rs 1399.80 and the 52-week low was Rs 975.25. The company's trailing 12-month (TTM) EPS was at Rs 38.10 per share as per the quarter ended June 2015. The stock's price-to-earnings (P/E) ratio was 34.12. The latest book value of the company is Rs 196.46 per share. At current value, the price-to-book value of the company is 6.62.

Read more at: http://www.moneycontrol.com/news/business/hdfc-to-sell-9-stakehdfc-life-to-uk-co-for-rs-1700-cr_2553721.html?utm_source=ref_article

Offline sassy.prak

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Re: hdfc
« Reply #5 on: May 23, 2016, 08:31:46 PM »
todays low is a  crucial support
a negative opening below this level and unable to sustain todays low- todays close will take this to 1132-1130
can sell with latter as target with former as stop loss
opinions awaited
« Last Edit: May 23, 2016, 08:46:04 PM by sassy.prak »
sentiment is weaknes