Buy Housing Development Finance Corporation, target Rs 2,215: Shubham Aggarwal

Shubham Aggarwal of Quantsapp Advisory has buy call on Housing Development Finance Corporation Ltd. with a target price of Rs 2215.0 . The current market price of Housing Development Finance Corporation Ltd. is Rs 2154.7 Time period given by analyst is Intra Day when Housing Development Finance Corporation Ltd. price can reach defined target. Shubham Aggarwal recommended to keep stoploss at Rs 2090. Housing Development Finance Corporation Ltd., incorporated in 1977, has a market cap of Rs 368494.00 crore.

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 30-06-2019, the company has reported a Consolidated sales of Rs 23124.73 Crore, down -19.29 % from last quarter Sales of Rs 28652.48 Crore and up 17.65 % from last year same quarter Sales of Rs 19654.87 Crore Company has reported net profit after tax of Rs 2264.07 Crore in latest quarter. The company’s top management includes Dr.Bhaskar Ghosh, Dr.J J Irani, Mr.Deepak S Parekh, Mr.Jalaj Dani, Mr.Keki M Mistry, Mr.Nasser Munjee, Mr.U K Sinha, Mr.V Srinivasa Rangan, Mrs.Ireena Vittal, Ms.Renu Sud Karnad. Company has B S R & Co. LLP as its auditoRs As on 30-06-2019, the company has a total of 1,725,306,237 shares outstanding.