Housing Development Finance Corporation Buy Sell Tips Report Discussion
Housing Development Finance Corporation Limited is popularly known as HDFC. Its prime functional area is housing finance. HDFC was founded in the year 1977 by Chinmay Naikawadi and Hasmukhbhai Parekh having present headquarters at Thane, India.
As of now HDFC has a massive three million strong client base. From its initiation, the Corporation has tried to enhance housing stock and promote home ownership. At present, it offers various deposit products along with easy to get home loans, property related services and a training facility. Moreover the customer base is provided with specialised financial services under a joint venture of HDFC and other top notch financial institutions.
As per the thirty-second annual report of the Corporation for the year ended on 31st March, 2009 profit after tax has been recorded as 2282.54 crores. The profit before exceptional income and sale of investments is 258.83 crores. Loan approvals during the year were booked at 49,166 crores with a growth of 16% from the previous year. The Corporation had also recently allotted 1, 21, 67,765 equity shares of Rs. 10 each.
HDFC has been awarded with the recognition ‘Best Indian Company’ under Financial Institutions/NBFC/Financial Services’ Category at the Dun & Bradstreet-Rolta Corporate Awards, 2008. It has won the recognition for three consecutive years.
HDFC’s main goals are to a) develop close relationships with individual households, b) maintain its position as the premier housing finance institution in India,
c) Transform ideas into viable and creative solutions, d) provide consistently high returns to shareholders, and e) to grow through diversification by leveraging off the existing client base.
HDFC has a strong base of subsidiaries and associate companies. They are:
HDFC Bank
HDFC Mutual Fund
HDFC Sales
HDFC Standard Life Insurance
HDFC ERGO General Insurance and
Other companies co-promoted by HDFC.
HDFC is a strong player in the Indian share market. Investors find it suitable to invest money in HDFC for both short term and long term benefits. Moreover the experts recommend HDFC highly in their business tips and analysis. More and more Indians involved in share trading and stock markets like to buy HDFC shares.
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Hold HDFC for a couple of quarters for 15-20% gains, says Sharmila Joshi, investment advisor, on CNBC TV18. The stock is currently trading at Rs 2514, up 0.18% on the BSE.
HDFC posts Q3 results, NII up 14% at Rs 1001 crore versus Rs 877 crore (YoY) and net profit up 22.7% at Rs 671 crore versus Rs 547 crore, reports Keki Mistry, CEO and VP of the company, on CNBC TV18. NPA stand at 0.94% and net NPAs at 0.19% with provisions at Rs 684 crore, he adds. The stock is currently trading at Rs 2525, up 0.62% on the BSE.
Hold HDFC Bank with stop loss of Rs 1550, says Kunal Sarogi, market analyst, on Zee Business. The stock is currently trading at Rs 1673.50, down 0.6% on the BSE.
Buy HDFC Bank with a target of Rs 1725-1740 and stop loss of Rs 1675, says Prakash Gaba, technical analyst, on CNBC Awaaz.
Hold HDFC Bank and exit at Rs 1780, says Hemen Kapadia, technical analyst, on NDTV Profit. The stock is currently trading at Rs 1700, dup 0.03% on the BSE.
Hold HDFC Bank with stop loss of Rs 1780, says Nitin Murarka of SMC Global on NDTV Profit. Above Rs 1820 it will show strength, he adds. The stock is currently trading at Rs 1800.20, down 0.6% on the BSE.
Sell HDFC Bank at Rs 1906 with target of Rs 1825 and stop loss of Rs 2000, says Ashuu Kakkarr, technical analyst, on NDTV Profit. The stock is currently trading at Rs 1914.70, up 0.4% on the BSE.
Sell HDFC Bank with target of Rs 1850 and stop loss of Rs 1930, says Sudarshan Sukhani, technical analyst, on CNBC TV18. The stock is currently trading at Rs 1914, up 0.7% on the BSE.
Sell HDFC Bank futures with target of Rs 1920 and stop loss of Rs 1990, says Nitin Murarka of SMC Global on CNBC Awaaz. The stock is currently trading at Rs 1968.25, down 0.01% on the BSE.
Sell HDFC Bank with target of Rs 1825 and stop loss of Rs 1970, says Ashwani Gujral, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1902.50, down 1.4% on the BSE.
Sell HDFC Bank with target of Rs 1800 and stop loss of Rs 1850, says Sudarshan Sukhani, technical analyst, on CNBC TV18, in a closing market strategy
Sell HDFC with target of Rs 2615 and stop loss of Rs 2765, says Rajesh Satpute, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 2701, up 0.4% on the BSE.
Buy HDFC Bank with target of Rs 1960 and stop loss of Rs 1895, says Shardul Kulkarni of Angel Broking on NDTV Profit. The stock is currently trading at Rs 1944.50, up 1.6% on the BSE.
Buy HDFC Bank futures with 2-5 day target of Rs 1990 and stop loss of Rs 1920, says Mitesh Thacker, technical analyst, on CNBC Awaaz. The stock is currently trading at Rs 1943.25, up 1.5% on the BSE.