BUY HDFC 1755 TRG 1770-1800-1840 SL PAID – Shares of HDFC climbed over 3 percent in the morning trade on BSE on October 1 even as a day ago the company said National Housing Bank (NHB) a monetary penalty on it.
- Precious Metals Slip: The Real Reason Behind Gold and Silver’s Price Drop
- Gold Rate Today: अमेरिका में मचा हड़कंप! 100 साल में पहली बार ऐसा उछाल, लोगों के उड़े होश
- Stocks Bounce Back as Gold Loses Shine Amid Renewed Investor Confidence
- Euro Struggles: EUR/USD Slides as Dollar Strengthens Again
- HDFC & ICICI banks go slow on retail loans
“NHB has imposed a monetary penalty of Rs 1,50,000 plus GST on the corporation for non-compliance with two provisions of the Housing Finance Companies (NHB) Directions, 2010 during the financial year 2018-19,” said HDFC in a BSE filing on September 30.
Shares of the company have been in the green since September 25 and if the stock closed higher today, it will be its fifth consecutive session of gains.
Domestic brokerage firm JM Financial has a buy call on the stock with a target price of Rs 2,200.