IDBI Capital Picks Small Cap & Large Cap HFC Stocks, Buy For Gains Up To 50%
Leading brokerage firm IDBI Capital in its Sectoral report on Banking has listed two NBFCs - Housing Finance Companies (HFCs) with a "Buy". These two stocks are Housing Development Finance Corporation Ltd. (HDFC) and Repco Home Finance Ltd. The brokerage sees a potential upside of up to 50% in the share price of the stocks from its current level. Check below to know more:
Housing Development Finance Corporation Ltd. (HDFC)
IDBI Capital recommends buy the stock of HDFC with a target price of Rs 3,140 apiece for 21% potential gains. The stock last traded at Rs 2,603.10 apiece on NSE.
The stock has given 1% positive return in 1 week. It gave 14.27% positive return in the past 1 year, 19.43% in 3 years and the highest 43.49% in 5 years, respectively.
The stock's 52 week high was recorded on 4 April 2022 at Rs 2,933.80 apiece and 52 week low on 17 June 2022 at Rs 2,026 apiece, respectively.
It is a large-cap HFC stock having a market capitalisation of Rs 4,75,526 crore.
Repco Home Finance Ltd.
IDBI Capital has assigned a "Buy" on the stock of Repco Home Finance with a target price of Rs 290 apiece, claims up to 50% gains. The stock last traded at Rs 193.95 apiece on NSE.
It has fallen 3.63% in 1 week, 15.55% in 1 month, and 20.76% in 3 months, respectively. It gained 2.29% in 1 year. It has fallen 32.37% in 3 years and 66.16% in 5 years, respectively.
The stock recorded its 52 week low on 23 June 2022 at Rs 113.35 apiece and 52 week high on 25 August 2022 at Rs 277.60 apiece, respectively.
It is a small cap HFC stock having a market capitalisation of Rs 1,213.38 crore.
Disclaimer
The stocks have been picked from the brokerage report of IDBI Capital. Greynium Information Technologies, the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to consult with certified experts before making any investment decision.


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