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Last Updated : Aug 08, 2019 12:36 PM IST | Source:

Buy Housing Development Finance Corporation target of Rs 2500: Sharekhan

Sharekhan is bullish on Housing Development Finance Corporation has recommended buy rating on the stock with a target price of Rs 2500 in its research report dated August 02, 2019.

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Sharekhan's research report on Housing Development Finance Corporation

HDFC posted modest results for Q1FY2020 with NII growth was at multi-quarter low but stable asset quality/margins are positive. We maintain our growth/margins estimates over FY2019-FY2021, factoring in ease in competition, HDFC’s diversified liability franchise and higher coverage. We believe AUM growth should remain healthy with spreads maintained and well-contained credit costs.


We maintain our Buy rating on the stock with an unchanged PT of Rs. 2,500.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

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First Published on Aug 8, 2019 12:36 pm
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