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Housing Development Finance Corporation (HDFC)

By Nirmal Bang 

Wednesday, April 3, 2013

Nirmal Bang is bullish on Housing Development Finance Corporation  (HDFC) and has recommended buy rating on the stock with a target price of Rs 950, in its April 03, 2013 research report.

Housing Development Finance Corporation is engaged in providing loans for the purchase or construction of residential houses, commercial real estate and loans for certain other purposes in India.  The Company also has offices in Dubai, London and Singapore and service associates in the Middle East region, to provide housing loans and property advisory services to Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs). In February 2012, Citigroup Inc sold its 9.85 percent interest in HDFC.

At present HDFC is being traded at 796.00. Its 52 week high is 882.30 and 52 week low has been 610.50.

Reader's Comment (1)
1: good
Posted by: rohit - 10:02 PM Jun 13, ' 14
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