Sharekhan bullish on Housing Development Finance Corporation has recommended buy rating on the stock with a target price of Rs 2200 in its research report dated April 30, 2018.
Sharekhan's research report on HDFC
We maintain our BUY rating on the stock with an unchanged PT of Rs2200. HDFC Ltd (HDFC) posted strong Q4 FY18 with robust advances and NII growth. Steady Loan growth performance appears even better due to stable asset quality.
We expect the strong performance track record, superior operating metrics to enable it to continue to enjoy premium valuations. We maintain our BUY rating on the stock with an unchanged PT of Rs 2200.
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