The inventory hogged the limelight after the corporate mentioned its particular person mortgage disbursements within the second quarter of FY21 reached 95 per cent of the extent seen within the year-ago interval, and September witnessed the strongest restoration for the reason that outbreak of Covid-19 pandemic, suggesting enterprise is returning to pre-crisis ranges.
The scrip closed 8.35 per cent greater at Rs 1,934.45, whereas the benchmark BSE Sensex settled 1.54 per cent, greater at 39,574.
In a regulatory submitting, HDFC mentioned the person mortgage enterprise continued to witness a month-on-month enchancment through the July-September quarter.
The variety of mortgage purposes obtained through the interval grew by 12 per cent over the year-ago quarter whereas particular person mortgage approvals grew by 9 per cent YoY, it mentioned.
For the quarter ended September 30, particular person mortgage disbursements had been at 95 per cent of the extent within the corresponding quarter of the earlier 12 months.
“The month of September has seen the strongest restoration for the reason that outbreak of the pandemic,” HDFC mentioned.
The mortgage lender added the person mortgage receipts by way of quantity grew by 21 per cent in September on a yearly foundation whereas the approvals (in worth) had been greater by 31 per cent.
In the meantime, Mahindra & Mahindra, IndusInd Financial institution, Asian Paints, Bajaj Finance and HDFC Financial institution had been amongst different prime gainers in Sensex pack and gained between 2 per cent and three.50 per cent.