Finance corporation

HDFC share price: Buy Housing Development Finance Corporation, price target Rs 2400: Chandan Taparia

Chandan has a call to buy with a target price of Rs 2400. The current market price of Housing Development Finance Corporation is Rs 2296.55. The period given by the analyst is Intra Day when . the price can reach the set target.

Housing Development Finance Corporation Ltd., incorporated in 1977, is a large capitalization company (having a market capitalization of Rs 416593.19 Crore) operating in the NBFC sector.


For the quarter ended 31-03-2022, the company reported consolidated total revenue of Rs 35,059.75 Crore, up 11.98% from last quarter, total revenue of Rs 31,307.69 Crore and up down -1.94% compared to the same quarter last year. Total revenue of Rs 35753.86 Crore. The company reported a net profit after tax of Rs 4444.05 Crore last quarter.

Investment rationale
On the weekly frame, the stock trended higher and gradually moved the base higher.

Promoter/Fii Holdings
The promoters held 0% of the company’s capital as of June 30, 2022, while the FIIs held 67.75%, the DIIs 21.02%.

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