HDFC Share price: Jefferies maintain Buy rating on HDFC with a target price of Rs 3340
Presenting at our India Housing and Real Estate Summit, Keki Mistry (VC & CEO of HDFC ) indicated demand recovery in housing is better than expected and looks structural as it comes after years of pent-up demand. Hence, a moderate rise in prices/ rates should not impact demand much. On asset quality, while NPLs can have some blips, provisioning level is adequate. Any decision on M&A will be based on RBI's final guideline for NBFCs.
Keki Mistry highlighted that retail demand for housing has come out to be better than expected and should last longer as it comes after years of moderate demand: ANI