Sell HDFC, target Rs 1,900: Dr CK Narayan

Dr CK Narayan of Chart Advise has a sell call on Housing Development Finance Corporation (HDFC) with a target price of Rs 1,900.

The current market price of HDFC is Rs 1,924.90.

Time period given by the analyst is Intra Day when HDFC price can reach the defined target.


Dr CK Narayan recommended keeping a stop loss at Rs 1,945.
HDFC, incorporated in the year 1977, is a Large Cap company (having a market cap of Rs 3,25,634.13 Crore) operating in the Finance sector.

The company’s top management includes 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. The company has B S R & Co. LLP as its auditors.

As on 30-06-2018, the company has a total of 1,683,633,848 shares outstanding.