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Should you buy, hold or sell HDFC shares now? Here's what brokerages say

Should you buy, hold or sell HDFC shares now? Here's what brokerages say

Should you buy, hold or sell HDFC shares now? Here's what brokerages say
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By CNBCTV18.com Feb 3, 2022 4:24:29 PM IST (Updated)

HDFC share price: The Housing Development Finance Corporation stock fell as much as 3.5 on Thursday. Citi maintained a 'buy' call on HDFC shares with a target price of Rs 3,300.

Housing Development Finance Corporation (HDFC) shares remained in focus on Thursday, a day after the mortgage lender reported its financial results for the October-December period. HDFC shares fell as much as 3.5 percent to Rs 2,520 apiece on BSE during the session.

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The stock settled at Rs 2,527.8 apiece for the day.
During market hours on Wednesday, HDFC posted a net profit of Rs 3,260.7 crore for the third quarter of the current financial year, up 11.4 percent on a year-on-year basis.
Its net interest income (NII) increased seven percent to Rs 4,284 crore compared with the corresponding period a year ago.
Analysts in a CNBC-TV18 poll had predicted the company's quarterly net profit at Rs 3,028 crore and NII at Rs 4,164.4 crore.
Should you buy, hold or sell HDFC shares now? Here's what brokerages said after the company's Q3 earnings announcement:
Citi
The brokerage maintained a 'buy' call on the stock with a target price of Rs 3,300.
Citi lowered its FY22 estimate for HDFC by two percent and raised the FY23 estimate by one percent.
Credit Suisse
The brokerage maintained an 'outperform' rating on HDFC with a target price of Rs 3,350.
Credit Suisse believes HDFC remains a good play in the housing segment.
The brokerage expects the company's return on equity (RoE) to improve to more than 13 percent in FY23.
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