Moneycontrol Be a Pro
Get App
Last Updated : Aug 08, 2019 12:36 PM IST | Source: Moneycontrol.com

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.

Broker Research @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

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.


Outlook


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 moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.




The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Aug 8, 2019 12:36 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant