HDFC(Housing Development Finance Corporation Limited)
15.02.2022 - CLSA on HDFC Maintain Buy from Outperform CMP 2296 Target 3050
03.02.2022 - CLSA on HDFC Maintain Outperform CMP 2612 Target 3050
03.02.2022 - CS on HDFC Maintain Outperform CMP 2612 Target 3350
03.02.2022 - CITI on HDFC Maintain Buy CMP 2612 Target 3300
03.02.2022 - Jefferies on HDFC Maintain Buy CMP 2612 Target 3480
03.02.2022 - MS on HDFC Maintain Outperform CMP 2612 Target 3340
JEFFERIES ON HDFC : 03.08.2021
• Quality holds-up; Better growth outlook
* Benefiting from strong rebound in housing demand
* Corporate growth weak, but can pick-up; clarity on regulations key
* Stress manageable & provision buffers reasonable
MACQUARIE ON HDFC : 03.08.2021
* Macquarie has a target of Rs 2,960 on HDFC, maintains OUTPERFORM call
* Asset Quality Remains The Biggest Plus Point
* Weaker Loan Growth Is Due To A Decline In The Non individual Book
* Stock Is Cheap At Current Levels
* MAINTAIN OUTPERFORM TARGET: 2,960
MS ON HDFC : 03.08.2021
* Morgan Stanley maintains OVERWEIGHT call on HDFC, target at Rs 3,160/sh
* NII & Core PPOP Growth Strong; Individual AUM Growth Picked Up
* Non-individual AUM Growth Is Likely To Be Subdued For Longer
* Stage 2+3 Loans Appear To Have Peaked
* Trim FY 22/23 EPS Estimates By 6%/5%
* MAINTAIN OVERWEIGHT TARGET: 3,160
JEFFERIES ON HDFC : 05.07.2021
* Maintain BUY, Target at Rs 3,300/share
* HDFC's annual report for FY21 shows 67% of new stage-3 loans
* Besides stage-3 loans of 2.3%, 0.4% of loan were in debt-asset swap
* Retail approvals rose by 10% led by 9% rise in ticket size
* Rise in equity/asset from 9% to 15% over FY17-21 is drag on core ROE even as core ROA rose
