INSUBCONTINENT EXCLUSIVE:
Dharmesh Shah of ICICI Direct has a buy call on Housing Development Finance Corporation Ltd
with a target price of Rs 2455.0
The current price of Housing Development Finance Corporation Ltd
Dharmesh Shah recommended to keep a stoploss at Rs 2315
Housing Development Finance Corporation Ltd., incorporated in the year 1977, is a Large Cap company (having a market cap of Rs 410004.51
Crore) operating in NBFC sector
Housing Development Finance Corporation Ltd
key Products/Revenue Segments include Interest which contributed Rs 39240.24 Crore to Sales Value (90.52 % of Total Sales), Income From Sale
Of Share - Securities which contributed Rs 2690.95 Crore to Sales Value (6.20 % of Total Sales), Dividend which contributed Rs 1130.64 Crore
to Sales Value (2.60 % of Total Sales), Fees - Other Charges which contributed Rs 221.14 Crore to Sales Value (0.51 % of Total Sales) and
Rental Income which contributed Rs 65.07 Crore to Sales Value (0.15 % of Total Sales)for the year ending 31-Mar-2019
For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 32796.50 Crore, up 41.82 % from last quarter Sales of
Rs 23124.73 Crore and up 43.16 % from last year same quarter Sales of Rs 22908.31 Crore Company has reported net profit after tax of Rs
9547.69 Crore in latest quarter
The company’s top management includes Dr.Bhaskar Ghosh, Dr.J J Irani, Mr.Deepak S Parekh, Mr.Jalaj Dani, Mr.Keki M Mistry, Mr.Nasser
Munjee, Mr.U K Sinha, Mr.V Srinivasa Rangan, Mrs.Ireena Vittal, Ms.Renu Sud Karnad
LLP as its auditoRs As on 30-09-2019, the company has a total of 1,726,695,111 shares outstanding.