HDFC Ltd share price target, HDFC Ltd share price, HDFC Ltd share
What is HDFC?
Housing Development Finance Corporation Limited is an Indian private development finance institution owned by Deepak Parekh. The company is headquartered in Mumbai, India. The organization was founded in 1977 to support the Indian business community. HDFC was promoted by ICICI (Industrial Credit and Investment Corporation of India).
Some of the subsidiaries of HDFC Limited are HDFC Bank, HDFC ERGO, HDFC Life, HDFC Mutual Fund, and HDFC Credila.
The revenue reported by the company is INR 135,968 crores and the net income is INR 15,072 crores.
The stock touched the 2980 level on 15 November 2021 and thereafter it started to retrace.
The stock has been consolidated between the two trend lines for the past 9 months and it will continue to move between the lines for around 3 months.
The current HDFC Ltd share value is 2283.25.
You can make a buying decision once the stock break out of the upper trend line. Don’t go for the short position because the stock has the potential to grow.
After the merger of HDFC Limited and HDFC Bank, there is positive news in the market.
Aggressive investors can purchase the stock once it reaches below 2180 levels.
It is better to avoid buying because the price is below 50 MA (moving average). You can wait, till the price crosses 50 MA.
HDFC Ltd share price target
The HDFC Ltd share price is expected to touch 3500 in 2025, 4500 in 2029, and 6000 in 2035.
People who want to have a long-term view can invest in the stock at 2100 levels. The company has also announced a dividend of 30 INR in May 2022, 23 INR on May 2021, 21 INR on July 2020, etc. You can earn a decent income from dividends.
Long-term investors can go with 100 MA or 200 MA to make buy decisions.
To open demat account, click the link
Frequently asked questions
1. Is this the right time to buy the stock?
Wait for the price to go below 2100.
Disclaimer: If you want to invest in the stock market, you should consult your financial advisor before making a buying decision. You should assess the risk and study the company details. We are not responsible for any loss.
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