The HDFC Group, is India’s greatest financial conglomerate, with assets worth more than $300 billion. The group’s flagship, Housing Development Finance Corporation (HDFC) Bank, has 60 million clients and a market valuation of more than $100 billion. The group provides banking, insurance, and asset management services.
Here are the stocks in which HDFC Group bought fresh stake up to 3.5%;
Sterlite Technologies Ltd
Sterlite Technologies Limited provides advanced network solutions for 5G, rural, fiber-to-the-X (FTTx), enterprise, and data center infrastructures. The firm operates in three segments: optical networking, worldwide services, and digital and technology solutions.
With a market capitalization of Rs 7,246.59 crore, on Tuesday, the shares were closed at Rs 148.60 per share, increased by around 0.24 percent as compared to the previous closing price.
HDFC group bought 16,895,819 equity shares which is equivalent to 3.5 percent of the company as of June 2024. The company’s revenue stood at Rs 1,140 crore in Q4FY24, during the same time frame, net profit stood at Rs (82) crore.
Dr. Lal Pathlabs Ltd.
Dr. Lal PathLabs Limited offers diagnostic testing and healthcare services. The Company operates laboratories for pathological and radiological investigations, including biochemistry, hematology, histopathology, microbiology, electrophoresis, immuno-chemistry, immunology, virology, and cytology.
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With a market capitalization of Rs 25,014.05 crore, on Tuesday, the shares were closed at Rs 2,996.40 per share, decreased by around 0.09 percent as compared to the previous closing price.
HDFC group bought 2,498,229 equity shares which is equivalent to 3 percent of the company as of June 2024. The company’s revenue stood at Rs 545 crore in Q4FY24, during the same time frame, net profit stood at Rs 86 crore.
Birlasoft Ltd.
Birlasoft Limited is situated in India and offers services such as information and communication, computer development, and consulting. The Company offers digital and enterprise technology and services.
With a market capitalization of Rs 20,068.25 crore, on Tuesday, the shares were closed at Rs 726.90 per share, decreased by around 0.93 percent as compared to the previous closing price.
HDFC group bought 5,536,580 equity shares which is equivalent to 2 percent of the company as of June 2024. The company’s revenue stood at Rs 1,363 crore in Q4FY24, during the same time frame, net profit stood at Rs 180 crore.
Written by:- Abhishek Singh
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