The time period given by the analyst is Intra Day when the price of Housing Development Finance Corporation Ltd. can achieve the set goal.
Housing Development Finance Corporation Ltd., incorporated in 1977, is a large capitalization company (having a market capitalization of Rs 524525.51 Crore) operating in the NBFC sector.
The main products/revenue segments of Housing Development Finance Corporation Ltd. include interest, income from the sale of stocks and securities, other services, dividends, fee and commission income and rental income for the year ending March 31, 2021.
finance
For the quarter ended 30-06-2021, the company reported consolidated total revenue of Rs 30,997.13 Crore, down -13.30% from last quarter Total revenue of Rs 35,753.86 Crore and up by 3.46% compared to the same quarter of last year Total revenue of Rs 29,959.34 Crore. The company reported a net profit after tax of Rs 3426.31 Crore in the last quarter.
Investment rationale
A breakout of the Cup and Handle pattern with decent volume is likely to continue the upward momentum.
Promoter/Fii Holdings
The promoters held 0% of the company’s capital as of September 30, 2021, while the FIIs held 71.95%, the DIIs 16.85%.
(Disclaimer: The recommendations given in this section or any report attached hereto are written by an external party. The views expressed are those of the respective authors/entities. These do not represent the views of Economic Times (ET). AND does not warrant or endorse any of its content and hereby disclaims all warranties, express or implied, relating thereto.Please consult your financial adviser and seek independent advice.
