HDFC Limited is one of the stocks which should be on the Investor’s Watchlist. Housing Development Finance Corporation (HDFC) is a Housing Finance Company and is a parent company of many strong companies like HDFC Bank, HDFC Life, etc. So Let’s discuss certain reasons behind this psychology of keeping this stock on the watchlist.
HDFC Limited has announced its Q1FY22 results and has reported a sluggishness in the results on yearly basis. The results were quite muted. But there are certain points to look at in the company which will be discussed in this article as we move ahead.
HDFC Limited- Key Growth Drivers:
1) Improving Real Estate Cycle in India
2) Strong Positioning in Debt Market:
3) Well-Built Deposit Book:
4) Strong Balance Sheet:
HDFC Limited besides having its core business operation also owns Major Subsidiaries and Associates like HDFC Bank, HDFC Life Insurance, HDFC AMC, and HDFC Ergo General Insurance. The company may also come up with the IPO of HDFC Ergo General Insurance Company which can also lead to some value unlocking of the stock. Hence looking at the favorable prospect and the value unlocking opportunity, HDFC Limited can prove to be a good stock and hence one should keep this stock on their radar. Follow due diligence before making any investment decision.