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Buy HDFC, price target Rs 2,424: CK Narayan

The analyst suggested a stoploss at Rs 2350.

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Last Updated: Feb 20, 2020, 09.06 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 411187.96 Crore) operating in NBFC sector.
CK Narayan of Chart Advise has a buy call on Housing Development Finance Corporation Ltd. with a target price of Rs 2424.0 . The current price of Housing Development Finance Corporation Ltd. is Rs 2377.4 . CK Narayan recommended to keep a stoploss at Rs 2350 .

Housing Development Finance Corporation Ltd., incorporated in the year 1977, is a Large Cap company (having a market cap of Rs 411187.96 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 31-12-2019, the company has reported a Consolidated sales of Rs 28996.17 Crore, down -11.59 % from last quarter Sales of Rs 32796.50 Crore and up 18.46 % from last year same quarter Sales of Rs 24477.86 Crore Company has reported net profit after tax of Rs 2544.74 Crore in latest quarter.

The company’s top management includes Dr.Bimal Jalan, Mr.V Srinivasa Rangan, Mr.Upendra Kumar Sinha, Mr.Nasser Munjee, Mr.Keki M Mistry, Mr.Jalaj Ashwin Dani, Mr.Deepak S Parekh, Mr.B S Mehta, Dr.J J Irani, Ms.Renu Sud Karnad. Company has B S R & Co. LLP as its auditors As on 31-12-2019, the company has a total of 1,729,027,666 shares outstanding.

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