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Buy HDFC, price target Rs 2,415: Dharmesh Shah

The analyst suggested a stoploss at Rs 2245.

ETMarkets.com|
Updated: Dec 10, 2019, 09.22 AM IST
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Housing Development Finance Corporation Ltd., incorporated in the year 1977, is a Large Cap company (having a market cap of Rs 399125.19 Crore) operating in NBFC sector.
Dharmesh Shah of ICICI Direct has a buy call on Housing Development Finance Corporation Ltd. with a target price of Rs 2415.0 . The current price of Housing Development Finance Corporation Ltd. is Rs 2310.6 . Dharmesh Shah recommended to keep a stoploss at Rs 2245 .

Housing Development Finance Corporation Ltd., incorporated in the year 1977, is a Large Cap company (having a market cap of Rs 399125.19 Crore) operating in NBFC sector.

Housing Development Finance Corporation Ltd. key Products/Revenue Segments include Interest which contributed Rs 39240.24 Crore to Sales Value (90.52 % of Total Sales), Income From Sale Of Share & Securities which contributed Rs 2690.95 Crore to Sales Value (6.20 % of Total Sales), Dividend which contributed Rs 1130.64 Crore to Sales Value (2.60 % of Total Sales), Fees & Other Charges which contributed Rs 221.14 Crore to Sales Value (0.51 % of Total Sales) and Rental Income which contributed Rs 65.07 Crore to Sales Value (0.15 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 32796.50 Crore, up 41.82 % from last quarter Sales of Rs 23124.73 Crore and up 43.16 % from last year same quarter Sales of Rs 22908.31 Crore Company has reported net profit after tax of Rs 9547.69 Crore in latest quarter.

The company’s top management includes Dr.Bhaskar Ghosh, Dr.J J Irani, Mr.Deepak S Parekh, Mr.Jalaj Dani, Mr.Keki M Mistry, Mr.Nasser Munjee, Mr.U K Sinha, Mr.V Srinivasa Rangan, Mrs.Ireena Vittal, Ms.Renu Sud Karnad. Company has B S R & Co. LLP as its auditoRs As on 30-09-2019, the company has a total of 1,726,695,111 shares outstanding.

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