Finance corporation

HDFC share price: Buy Housing Development Finance Corporation, price target Rs 2600: Edelweiss

Edelweiss has a call to buy on Housing Development Finance Corporation with a target price of Rs 2600. The current market price of Housing Development Finance Corporation Ltd. is Rs 2454.05. The time period given by the analyst is Intra Day when the price of Housing Development Finance Corporation Ltd. can achieve the set goal.

Housing Development Finance Corporation Ltd., incorporated in 1977, is a large capitalization company (having a market capitalization of Rs 444413.24 Crore) operating in the NBFC sector.

The main products/revenue segments of Housing Development Finance Corporation Ltd. include interest, income from the sale of stocks and securities, other services, dividends, fee and commission income and rental income for the year ending March 31, 2021.

finance

For the quarter ended 31-12-2021, the company reported consolidated total revenue of Rs 31307.69 Crore, down -18.90% from last quarter, total revenue of Rs 38603.51 Crore and down -20.27% compared to the same quarter last year. Total revenue of Rs 39267.59 Crore. The company reported a net profit after tax of Rs 3708.15 Crore in the last quarter.

Investment rationale
HDFC respected the 2300 level. Prices gave a swing reversal hinting at further recovery.



Promoter/Fii Holdings
The promoters held 0% of the company’s capital as of December 31, 2021, while the FIIs held 72.14%, the DIIs 16.59%.

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