Report
EUR 13.98 For Business Accounts Only

Increased risk weighs on HOUSING DEVELOPMENT FINANCE CORPORATION, penalising its rating down to Negative

The independent financial analyst theScreener just lowered the general evaluation of HOUSING DEVELOPMENT FINANCE CORPORATION (IN), active in the Mortgage Finance industry. As regards its fundamental valuation, the title still shows 0 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Negative. As of the analysis date February 4, 2022, the closing price was INR 2,503.25 and its target price was estimated at INR 2,357.01.
Underlying
Housing Development Finance Corporation Limited

Housing Development Finance is principally engaged in the provision of housing finance, consultancy and leasing services. Co. is also engaged in lending operations, retail deposit taking, and consumer financing. Through its subsidiaries, Co. is engaged in life insurance, non-life insurance, investment advisory services, trust services, investment holding, real estate development, property related services in rural areas and residential housing finance. As of Mar 31 2014, Co.'s distribution network spans 354 outlets which caters towns and cities across India.

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