HFDC Limited is one of the top wealth creators in the Indian share market. It has a rock-solid balance sheet, a good track record of asset quality and zero net NPAs (non-performing assets). It has a dominant market position and has been paying dividends on a consistent basis. However, the shares prices of HDFC Limited dropped by 11.52% in the past month and by 7.50% in the past 5 days.
It seems like the company is caught up in the broad-based selling amid the Russia-Ukraine conflict and the US Fed’s decision to tighten the monetary policy. It has lost 28.61% from its 52-week highs of ₹3021.10.
The housing finance major reported an 11% jump from ₹2,926 crores to ₹3261 crores in its standalone net profit for the October to December quarter. Its net interest income rose from ₹4068 crores to ₹4284 crores. Further its assets under management (AUM) stood at ₹6.18 trillion as against ₹5.52 trillion a year ago.
Kotak Securities has given a buy call on HDFC Limited with a potential upside of 53.3% and a target of ₹3,400. The share is currently trading at ₹ 2153.85 apiece, up by 1.50% since its previous close. The time period given by the analyst is 12 months.
According to experts at Kotak Securities, HDFC Limited did well in Q3FY22 and is well placed to capture growth in the real estate upcycle. They expect that a rise in individual disbursements, high-yield construction finance, momentum in retail business and pick up in high-yield, non-individual loan books will support its earnings.
They have retained a ‘buy’ rating on the stock with a SOTP-based FV of ₹3400 and expect that HDFC will trade at 2.9X FY2024E core book.
- the shares prices of HDFC Limited dropped by 11.52% in the past month and by 7.50% in the past 5 days.
- It seems like the company is caught up in the broad-based selling amid the Russia-Ukraine conflict. It has lost 28.61% from its 52-week highs of ₹3021.10.
- Kotak Securities has given a buy call on HDFC Limited with a potential upside of 53.3% and a target of ₹3,400.
HFDC Limited is one of the top wealth creators in the Indian share market. It has a rock-solid balance sheet, a good track record of asset quality and zeroes net NPAs (non-performing assets. It has a dominant market position and has been paying dividends on a consistent basis. However, the shares prices of HDFC Limited dropped by 11.52% in the past month and by 7.50% in the past 5 days.
It seems like the company is caught up in the broad-based selling amid the Russia-Ukraine conflict and the US Fed’s decision to tighten the monetary policy. It has lost 28.61% from its 52-week highs of ₹3021.10.
The housing finance major reported an 11% jump from ₹2,926 crores to ₹3261 crores in its standalone net profit for the October to December quarter. Its net interest income rose from ₹4068 crores to ₹4284 crores. Further its assets under management (AUM) stood at ₹6.18 trillion as against ₹5.52 trillion a year ago.
Kotak Securities has given a buy call on HDFC Limited with a potential upside of 53.3% and a target of ₹3,400. The share is currently trading at ₹ 2153.85 apiece, up by 1.50% since its previous close. The time period given by the analyst is 12 months.
According to experts at Kotak Securities, HDFC Limited did well in Q3FY22 and is well placed to capture growth in the real estate upcycle. They expect that a rise in individual disbursements, high-yield construction finance, momentum in retail business and pick up in high-yield, non-individual loan books will support its earnings.
They have retained a ‘buy’ rating on the stock with a SOTP-based FV of ₹3400 and expect that HDFC will trade at 2.9X FY2024E core book.
