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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.

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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.


Outlook


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


For all recommendations report, click here


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First Published on Aug 8, 2019 12:36 pm
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