Buy HDFC, target price Rs 3307: ICICI Securities

Housing Development Finance Corporation Ltd., incorporated in the year 1977, is a Large Cap company (having a market cap of Rs 454747.84 Crore) operating in NBFC sector.

By ETMarkets.com | Updated: Jun 28, 2021, 10.52 AM IST

Promoters held 0 per cent stake in the company as of March 31, 2021, while FIIs held 73 per cent, DIIs 15.9 per cent and public and others 11.1 per cent.

ICICI Securities has buy call on HDFC with a target price of Rs 3307. The current market price of Housing Development Finance Corporation is Rs 2502.25. Time period given by analyst is one year when Housing Development Finance Corporation Ltd. price can reach defined target.

Housing Development Finance Corporation Ltd., incorporated in the year 1977, is a Large Cap company (having a market cap of Rs 454747.84 Crore) operating in NBFC sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 35753.86 Crore, down -8.95 % from last quarter Total Income of Rs 39267.59 Crore and up 114.97 % from last year same quarter Total Income of Rs 16632.00 Crore. Company reported net profit after tax of Rs 3751.37 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of March 31, 2021, while FIIs held 73 per cent, DIIs 15.9 per cent and public and others 11.1 per cent.

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