Home Market Buy HDFC. target Rs 1910: Chandan Taparia

Buy HDFC. target Rs 1910: Chandan Taparia

218
0
SHARE

Chandan Taparia of Motilal Oswal Securities has a buy call on Housing Development Finance Corporation Ltd. with a target price of Rs 1910. The current market price of Housing Development Finance Corporation Ltd. is Rs 1843.35. Time period given by the analyst is Intra Day when Housing Development Finance Corporation Ltd. price can reach the defined target. Chandan Taparia recommended to keep stoploss at Rs 1812.

Housing Development Finance Corporation Ltd., incorporated in 1977, is a largecap company with a market cap of Rs 309152.45 crore.

Housing Development Finance Corporation Ltd. key Products/Revenue Segments include Interest which contributed Rs 30405.79 Crore to Sales Value (91.82 % of Total Sales), Income From Sale Of Share & Securities which contributed Rs 1446.37 Crore to Sales Value (4.36 % of Total Sales), Dividend which contributed Rs 909.06 Crore to Sales Value (2.74 % of Total Sales), Fees & Other Charges which contributed Rs 346.24 Crore to Sales Value (1.04 % of Total Sales) and Lease Rentals which contributed Rs 5.33 Crore to Sales Value (0.01 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2018, the company has reported a Consolidated sales of Rs 19837.09 Crore, up 25.11 % from last quarter Sales of Rs 15855.29 Crore and up 15.28 % 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 companys top management includes Dr.Bimal Jalan, Dr.J J Irani, Mr.B S Mehta, 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. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 31-03-2018, the company has a total of 1,675,879,893 shares outstanding.

Original Article

LEAVE A REPLY

Please enter your comment!
Please enter your name here