HDFC Group, one of India’s leading financial conglomerates, encompasses diverse sectors including banking, insurance, and asset management. HDFC Bank, the group’s flagship, serves over 75 million customers across 7,800+ branches. As of FY24, HDFC’s market capitalization exceeds Rs 10 lakh crore, solidifying its stronghold in India’s financial services industry.
Here are the stocks in which HDFC Group bought fresh stakes up to 9.4%;
Restaurant Brands Asia Ltd.
Restaurant Brands Asia Limited is in the business of quick-service restaurants under the brand name of Burger King. The Company’s business operations span pan-India and Indonesia (through its subsidiaries). It offers food products, which are customized to local tastes and preferences.
With a market capitalization of Rs 4,547.57 crore, the shares were trading at Rs 91.28 per share, decreasing around 0.54 percent as compared to the previous closing.
HDFC group bought 47,000,000 equity shares which is equivalent to 9.4 percent of the company as of September 2024.
The company’s revenue stood at Rs 632 crore in Q2FY24, during the same time frame, net profit stood at Rs (65) crore.
Medi Assist Healthcare Services Ltd.
Medi Assist Healthcare Services Ltd is a health-tech and insurance-tech company that manages health benefits for employers, retail members, and public health schemes, primarily serving insurance companies.
With a market capitalization of Rs 4,425.75 crore, the shares were trading at Rs 629.00 per share, increasing around 0.75 percent as compared to the previous closing.
HDFC group bought 5,367,378 equity shares which is equivalent to 7.63 percent of the company as of September 2024.
The company’s revenue stood at Rs 168 crore in Q1FY25, during the same time frame, net profit stood at Rs 19 crore.
Pearl Global Industries Ltd
Pearl Global Industries Limited is engaged in manufacturing, sourcing, distribution, and export of ready-to-wear apparel through its domestic and global facilities and operations. The Company provides end-to-end supply chain solutions to brands across the globe.
With a market capitalization of Rs 4,494.91 crore, the shares were trading at Rs 980.15 per share, increasing around 1.15 percent as compared to the previous closing.
HDFC group bought 2,544,668 equity shares which is equivalent to 5.6 percent of the company as of September 2024.
The company’s revenue stood at Rs 1,053 crore in Q1FY25, during the same time frame, net profit stood at Rs 62 crore.
Indigo Paints Ltd
Indigo Paints Limited is engaged in the manufacture and sale of decorative paints and operates its manufacturing facilities in Jodhpur (Rajasthan), Kochi (Kerala), and Pudukkottai (Tamil Nadu). Its product offerings include emulsions, enamels, waterproofing solutions, wood coatings, primers and putties, and other products.
With a market capitalization of Rs 7,880.45 crore, the shares were trading at Rs 1,654.35 per share, decreasing around 1.39 percent as compared to the previous closing.
HDFC group bought 1,870,400 equity shares which is equivalent to 3.9 percent of the company as of September 2024.
The company’s revenue stood at Rs 294 crore in Q1FY25, during the same time frame, net profit stood at Rs 26 crore.
Written by:- Abhishek Singh
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