HomeNewsBusinessStocksJPMorgan ups HDFC target price to Rs 1,975, sees minimal asset quality risk

JPMorgan ups HDFC target price to Rs 1,975, sees minimal asset quality risk

The research house expects steady earnings growth and minimal asset quality risk for Housing Development Finance Corporation.

September 19, 2017 / 14:19 IST
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JSW Holdings | Cash flow from operation in FY18: Rs 66 crore, FY19: Rs 89 crore and in FY20: Rs 103 crore. In the past 3-year, the stock price has risen 40 percent to Rs 2450 on August 25, 2020.
JSW Holdings | Cash flow from operation in FY18: Rs 66 crore, FY19: Rs 89 crore and in FY20: Rs 103 crore. In the past 3-year, the stock price has risen 40 percent to Rs 2450 on August 25, 2020.

Moneycontrol News

JP Morgan has maintained an overweight rating on housing finance company HDFC and increased its target price for the stock to Rs 1,975, from Rs 1,720 per share earlier.

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The research house expects steady earnings growth and minimal asset quality risk for Housing Development Finance Corporation.

Its earnings per share are expected to grow at CAGR of 15 percent over the next 3 years, JP Morgan feels.