Buy HDFC; target of Rs 3350: ICICI Direct

ICICI Direct is bullish on HDFC has recommended buy rating on the stock with a target price of Rs 3350 in its research report dated February 03, 2021.

Broker Research

February 03, 2022 / 17:35 IST

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ICICI Direct's research report on HDFC

HDFC Ltd is the largest NBFC engaged in the housing finance business. It has demonstrated a consistent performance in terms of both business growth as well as asset quality. Individual loans contribute ~79% of AUM Stake in subsidiaries in insurance and asset management business aid value

Outlook

We retain our BUY rating on the stock We value HDFC Ltd at ~2.5x FY24E core ABV and Rs 1676 (post15% discount) for subsidiaries and maintain target price of Rs 3350/share.

For all recommendations report, click here

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Broker Research

first published: Feb 3, 2022 05:35 pm

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