In case of Housing Development Finance Corporation (HDFC), CLSA said housing demand is largely stable despite recent events in financial markets and the stock is among its top picks in the financial sector.
Global research house CLSA stays bullish on HDFC Group stocks and expect 25-30 percent potential upside going ahead.
In the case of Housing Development Finance Corporation (HDFC), CLSA said housing demand is largely stable despite recent events in financial markets and the stock is among its top picks in the financial sector.
It sees scope for healthy growth and market share gains as peers consolidate. Return on equity of HDFC should expand as leverage is optimised, it feels.
In the case of HDFC Bank, the research house said, the NBFC crisis is largely behind, but consolidation could take another 1-2 years. The bank is pushing CASA growth via new channels, it added.
The succession planning is underway, but Managing Director, Aditya Puri can get an extension if the age limit is raised to 75 years, it said.Disclaimer: The above report is compiled from information available on public platforms. Moneycontrol advises users to check with certified experts before taking any investment decisions.Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You can know his secrets in his FREE video series airing between 12th to 17th December. You can reserve your free seat here.