Hot Chips

Housing Development Finance Corporation (HDFC) is one of the premier home financing companies in India. The company has the highest market share in its segment. As per a leading derivative strategist, the counter might move up briskly over the coming period on account of the heavy build-up in the F&O segment and has put a buy call on the scrip. In the Futures & Options space, the counter has recorded a huge increase in its volumes, open interest as well as price that indicates long-term build-up in the counter. While looking at the technical charts, a few broking houses have given a buy call on the counter with a price target of Rs 2,850 with a stop loss of Rs 2,450 which is a strong support level for this stock. Meanwhile, a broker expects some positive developments to be announced by the company in the near future. Thus high-risk investors can consider investing in this counter with a short-term perspective to make a quick buck.