Housing Development Finance Corporation (HDFC) is trading 1% higher at Rs 3,005 ahead of its record date for the purpose of stock split from face value of Rs 10 to Rs 2.

The board of directors of the corporation has fixed August 20, 2010 as the "Record Date" for the purpose of ascertaining the names of the shareholders who would be entitled to receive 5 equity shares with a nominal face value of Rs 2 each for every one equity share of Rs 10 each held by them and the names of the warrant holders who would be entitled to receive 5 warrants for every 1 warrant held as on the said record date.

The stock of HDFC opened at Rs 2,985 and touched a high of Rs 3,013 on the BSE. Around 19,000 shares have changed hands on the counter thus far.