Buy Housing Development Finance Corporation; target Rs 2000: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Housing Development Finance Corporation with a target price of Rs 2000. The current market price of Housing Development Finance Corporation is Rs 1978.2. Time period given by analyst is Intra Day when Housing Development Finance Corporation price can reach defined target. Dr CK Narayan recommended to keep stoploss at Rs 1955.

Housing Development Finance Corporation, incorporated in the year 1977, is a Large Cap company (having a market cap of Rs 340108.88 crore) operating in Finance sector.

Housing Development Finance Corporation key Products/Revenue Segments include Interest which contributed Rs 33122.63 crore to Sales Value (94.13 per cent of Total Sales), Dividend which contributed Rs 1079.28 crore to Sales Value (3.06 per cent of Total Sales), Income From Sale Of Share & Securities which contributed Rs 803.15 crore to Sales Value (2.28 per cent of Total Sales), Fees & Other Charges which contributed Rs 144.76 crore to Sales Value (0.41 per cent of Total Sales) and Lease Rentals which contributed Rs 35.35 crore to Sales Value (0.10 per cent of Total Sales)for the year ending 31-Mar-2018.


For the quarter ended 31-03-2018, the company has reported a Consolidated sales of Rs 19837.09 crore, up 25.11 per cent from last quarter Sales of Rs 15855.29 crore and up 15.28 per cent from last year same quarter Sales of Rs 17207.86 crore Company has reported net profit after tax of Rs 3370.11 crore in latest quarter. The company’s top management includes Dr.Bhaskar Ghosh, Dr.J J Irani, Mr.Deepak S Parekh, Mr.Jalaj Ashwin Dani, Mr.Keki M Mistry, Mr.Nasser Munjee, Mr.Upendra Kumar Sinha, Mr.V Srinivasa Rangan, Ms.Renu Sud Karnad.