Buy HDFC, target Rs 1595: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Housing Development Finance Corporation Ltd. with a target price of Rs 1595. The current market price of Housing Development Finance Corporation Ltd. is 1572.8 Time period given by analyst is Intra Day when Housing Development Finance Corporation Ltd. price can reach defined target. Dr CK Narayan recommended to keep stop loss at Rs 1560.0 .

Housing Development Finance Corporation Ltd., incorporated in the year 1977, is a largecap company (with a market cap of ₹ 249866.35 crore) operating in Finance sector.

Housing Development Finance Corporation Ltd. key Products/Revenue Segments include Interest which contributed ₹ 27762.02 Cr to Sales Value (89.82 % of Total Sales), Income From Sale Of Share & Securities which contributed ₹ 1955.68 Cr to Sales Value (6.32 % of Total Sales), Dividend which contributed ₹ 806.88 Cr to Sales Value (2.61 % of Total Sales), Fees & Other Charges which contributed ₹ 374.23 Cr to Sales Value (1.21 % of Total Sales) and Lease Rentals which contributed ₹ 6.31 Cr to Sales Value (0.02 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-03-2017, the company has reported a Consolidated sales of ₹ 17207.86 Cr., up 20.47% from last quarter Sales of ₹ 14284.36 Cr. and up 1.15% from last year same quarter Sales of ₹ 17012.00 Cr. Company has reported net profit after tax of ₹ 2464.59 Cr. in latest quarter. The company’s CEO is Ms.Renu Sud Karnad. It's Board of Directors include Dr.Bimal Jalan, Dr.J J Irani, Dr.S A Dave, Mr.Ajay Agarwal, Mr.Ankur Gupta, Mr.Arjun Gupta, Mr.B S Mehta, Mr.C V Ignatius, Mr.D M Sukthankar, Mr.D N Ghosh, Mr.Deepak S Parekh, Mr.Dilip Shetty, Mr.Dipta Bhanu Gupta, Mr.H S Shamasundara, Mr.K Suresh Kumar, Mr.K V Vishwanathan, Mr.Keki M Mistry, Mr.Mahesh Shah, Mr.Nasser Munjee, Mr.Nikhil B Dwivedi, Mr.P C Srivastava, Mr.Praveen Kumar Bhalla, Mr.Prosenjit Gupta, Mr.R Sankaranarayan, Mr.S K Chaudhari, Mr.S V Shaligram, Mr.Sanjay Joshi, Mr.Satrajit Bhattacharya, Mr.Subodh Salunke, Mr.Sudhir Kumar Jha, Mr.Sujir Udayanand, Mr.T Ravishankar, Mr.V Srinivasa Rangan, Mr.Vinayak P Parkhi, Ms.Mala I Bhojwani, Ms.Renu Sud Karnad, Ms.Sonal Modi, Mr.Ajay Agarwal. Company has its registered office at Ramon House,, H. T. Parekh Marg,, 169, Backbay Reclamation,, Mumbai, 400020, Maharashtra. Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-03-2017, the company has a total of 1,588,672,140 shares outstanding.