HDFC(CMP:1340) is another beneficiary of affordable housing push in the budget. It could also benefit from the possible rate cut by the RBI in the near future (as par recent JPM report, rate cut@0.25% could happen in this week itself, although most prominent FII(s) are expecting it on 7-th April'2015). In the coming days, HDFC Life could be demerged & listed, once Insurance FDI Bill gets light of the day and HDFC could also be merged with HDFC Bank. All these should have some significant bearings on HDFC group.
Technically, sustain above 1360-1400 zone, HDFC could target 1500-1550 area in the short term and 1615 in the mid term.
On the downside, immediate support is around 1315 and below that 1280-1265 area should offer strong positional support.
As par BG Model of quick techno/funda valuation median value of HDFC on consolidated data is around 1480 and on standalone basis it comes around 1280 under the current market conditions.
| SCRIP | EPS(TTM) | BV(Act) | P/E(AVG) | LONG TERM | SHORT TERM | MEDIAN VALUE | 200-DEMA | 10-DEMA |
| HDFC | 54.24 | 238.91 | 33.32 | 1407.68 | 1554.33 | 1481.00 | 1096.44 | 1336.78 |
| SCRIP | EPS(TTM) | BV(Act) | P/E(AVG) | LONG TERM | SHORT TERM | MEDIAN VALUE | 200-DEMA | 10-DEMA |
| HDFC | 37.2 | 177.75 | 35.97 | 1211.25 | 1337.43 | 1274.34 | 1096.44 | 1336.78 |
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