PTIRelated
ICICI Securities has buy call on Housing Development Finance Corporation with a target price of Rs 3307. The current market price of Housing Development Finance Corporation Ltd. is Rs 2596.05. Time period given by analyst is one year when Housing Development Finance Corporation Ltd. price can reach defined target.
Housing Development Finance Corporation Ltd., incorporated in the year 1977, is a Large Cap company (having a market cap of Rs 469495.84 Crore) operating in NBFC sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 30997.13 Crore, down -13.30 % from last quarter Total Income of Rs 35753.86 Crore and up 3.46 % from last year same quarter Total Income of Rs 29959.34 Crore. Company reported net profit after tax of Rs 3426.31 Crore in latest quarter.
Investment Rationale
HDFC Ltd’s Q1FY22 result reflects its superior portfolio quality with stress (stage- 2/3) pool being contained at 9.2%. Individual segment saw 40-50bps rise in stage- 2/3 as collections were being hampered while resolution in non-individual segment supported steady stress pool. Credit cost was capped <60bps beating earnings expectations. on stress pool (stage-2>
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of June 30, 2021, while FIIs held 72.5 per cent, DIIs 16.2 per cent and public and others 11.3 per cent.
Housing Development Finance Corporation Ltd., incorporated in the year 1977, is a Large Cap company (having a market cap of Rs 469495.84 Crore) operating in NBFC sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 30997.13 Crore, down -13.30 % from last quarter Total Income of Rs 35753.86 Crore and up 3.46 % from last year same quarter Total Income of Rs 29959.34 Crore. Company reported net profit after tax of Rs 3426.31 Crore in latest quarter.
Investment Rationale
HDFC Ltd’s Q1FY22 result reflects its superior portfolio quality with stress (stage- 2/3) pool being contained at 9.2%. Individual segment saw 40-50bps rise in stage- 2/3 as collections were being hampered while resolution in non-individual segment supported steady stress pool. Credit cost was capped <60bps beating earnings expectations. on stress pool (stage-2>
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of June 30, 2021, while FIIs held 72.5 per cent, DIIs 16.2 per cent and public and others 11.3 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
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