Housing Development Finance Corporation Ltd., incorporated in the year 1977, is a Large Cap company (having a market cap of Rs 458058.08 Crore) operating in NBFC sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 35753.86 Crore, down -8.95 % from last quarter Total Income of Rs 39267.59 Crore and up 114.97 % from last year same quarter Total Income of Rs 16632.00 Crore. Company reported net profit after tax of Rs 3751.37 Crore in latest quarter.
Investment Rationale
HDFC is consolidating its market positioning thereby gaining market share and strengthening its balance sheet through capital and cost efficiencies. As market gains confidence that both the entities will navigate covid second wave challenges relatively better than peers, the brokerage expects the stocks to get rerated towards their targeted fair value.
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of Sept 30, 2020, while FIIs held 70 per cent, DIIs 18.5 per cent and public and others 11.6 per cent.
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