1 HUDCO share price target reports by brokerages below. See what is analyst's view on HUDCO share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
The government’s focus coupled with housing shortage leads to opportunity for balance sheet growth. High provision coverage at ~89% and healthy capital adequacy provides comfort. However, exposure to private sector and anticipated slippages from thereon remains a concern which could impact earnings and thereby return ratios. Currently, the stock is trading at ~0.75x FY19 BV. Factoring in slippage of Rs 1200 crore from the private sector, the stock is trading at ~0.85x FY19 ABV. Consequently, we revise our target price to | 45 per share (earlier Rs 112-123), valuing the stock at ~0.9x FY19 ABV (adjusting for Rs 1200 crore). Accordingly, we downgrade the stock to HOLD.
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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