Housing Development Finance Corporation Ltd. share price target

HDFC, incorporated in 1977, is the largest mortgage financier in India with a balance sheet size of INR 2.27tn. HDFC has grown consistently, at a measured pace, without compromising on asset quality and is one of the best managed companies in India. While the retail share of the mortgage business is at 69%, the Besides mortgage financing, the company has, through its various subsidiaries, successfully ventured into other businesses including Banking (HDFC Bank), Life and Non-life insurance (HDFC Standard Life and HDFC Ergo), Asset Management (HDFC Mutual Fund) and Call center (Intelenet). HDFC has consistently maintained...

HDFC reported healthy growth in bottom line led by higher dividend income along with strong growth in loan book. Dividend income stood higher at Rs4.3bn v/s Rs55mn in 1QFY16 as dividend from HDFC Bank was received in the second quarter as compared to the normal trend of receiving it in the first quarter of every financial year. However, PAT growth was impacted by the higher provision for Deferred Tax Liability for special reserve (Total DTL provision of Rs827mn in 2Q v/s Rs833mn in 2QFY15). Loan book grew 12.1% yoy led by 14% yoy growth in individual segment and 7.4% yoy growth non-individual segment. Despite adverse macroeconomic scenario, asset quality remained stable with...

Housing Development Finance Corporation (HDFC), India`s first and largest mortgage finance company, has now grown into a comprehensive financial conglomerate. HDFC has a strong distribution network of 116 offices across the country serving customers in over 2,400 cities/towns. Founded in 1977, HDFC is primarily in the business of providing services from home loans and deposit products to property-related services and a training facility. It also offers specialized financial services (including consultancy) to its customer...

The HSec MIDCAP (an equal weighted bouquet of midcap Indian stocks) has underperformed the CNX Mid Cap Index by -115bps in the three odd months since launch. We are not perturbed, and see near term UPF as par for the course.

NII grew by17% YoY,above the loanbook growth of 15% YoY (adding the loan sold). Excluding sell down, the loan book witnessed a growth of 13.7% yoy with individual segment growing at 15.2% yoy and non individual segment at 10.5%. Non individual...

HDFC, incorporated in 1977, is the largest mortgage financier in India with a balance sheet size of INR 2.27tn. HDFC has grown consistently, at a measured pace, without compromising on asset quality and is one of the best managed companies in India. While the retail share of the mortgage business is at 69%, the Besides mortgage financing, the company has, through its various subsidiaries, successfully ventured into other businesses including Banking (HDFC Bank), Life and Non-life insurance (HDFC Standard Life and HDFC Ergo), Asset Management (HDFC Mutual Fund) and Call center (Intelenet). HDFC has consistently maintained...

Our Investor Forum on Industrials featured 9 companies including two unlisted firms.

the largest mortgage financier in India with a balance sheet size of INR 2.27tn. HDFC has grown consistently, at a measured pace, without compromising on asset quality and is one of the best managed companies in India. While the retail share of the mortgage business is at 69%, the Besides mortgage financing, the company has, through its various subsidiaries, successfully ventured into other businesses including Banking (HDFC Bank), Life and Non-life insurance (HDFC Standard Life and HDFC Ergo), Asset Management (HDFC Mutual Fund) and Call center (Intelenet). HDFC has consistently maintained...

We are launching the HDFC sec MIDCAP Model Portfolio at a time when many investors are wondering whether the big gains in the India-Modi story have already been made. And whether it makes sense to `sell in May and go away...

HDFC, incorporated in 1977, is the largest mortgage financier in India with a balance sheet size of INR 2.2tn. HDFC has grown consistently, at a measured pace, without compromising on asset quality and is one of the best managed companies in India. While the retail share of the mortgage business is at 67%, the Besides mortgage financing, the company has, through its various subsidiaries, successfully ventured into other businesses including Banking (HDFC Bank), Life and Non-life insurance (HDFC Standard Life and HDFC Ergo), Asset Management (HDFC Mutual Fund) and Call center (Intelenet). HDFC has consistently maintained...