Multiple brokerages are issuing bullish calls on housing finance stocks, with Nirmal Bang Institutional Equities joining the optimistic outlook. According to NDTV Profit, Nirmal Bang has maintained its 'Buy' rating on Home First Finance with a target price of ₹1,506, implying 26% upside from the report's reference market price of ₹1,194. The brokerage has also maintained a 'Buy' call on Can Fin Homes with a target price of ₹995, suggesting 20% upside from the reference price of ₹830. This adds to the earlier recommendations from Kotak Securities, where Shrikant Chouhan had identified Home First Finance as a technology-driven growth story with significant upside potential.
HDFC Life Insurance receives a 'Buy' recommendation at ₹550 with a fair value target of ₹820. As reported by Business Standard, the company holds a commanding position in India's private life insurance sector with a 15.1% market share and 11.1% overall market share. The insurer's diversified product portfolio spans over 500 partnerships across banks, NBFCs, brokers and new-age platforms, providing extensive distribution reach. In Q1FY27, the company demonstrated strong operational metrics with 9% growth in Value of New Business (VNB) and 25% year-on-year growth in protection business, led by 43% growth in individual protection.
According to the recommendation, HDFC Life Insurance has established resistance levels at ₹560–575 and support at ₹540–525. As reported by Business Standard, the stock's VNB margin improved to 25% from 24% quarter-on-quarter, though the impact of guidelines on distribution commissions remains a key monitoring factor. The company's agency and broker channels recorded impressive growth of around 20% and 78% respectively, indicating strong distribution momentum.
Home First Finance receives a 'Buy' recommendation at ₹1,185 with a fair value target of ₹1,530. According to Business Standard, the company operates as a technology-driven housing finance company focused on affordable housing and first-time homebuyers. The company's Assets Under Management (AUM) rose 25.7% year-on-year to ₹16,938 crore, while disbursements grew 31% year-on-year. Net Interest Margin (NIM) improved to 7.5% despite elevated borrowing costs, demonstrating operational efficiency. As reported by NDTV Profit, Nirmal Bang's bullish view is underpinned by expectations of strong loan growth, resilient asset quality and healthy margins. The housing finance company expects AUM growth of around 24% to remain sustainable and has laid out a strategic goal of taking its AUM to about ₹360 billion by March 2030, translating into a CAGR of 23-24%.
As reported by Business Standard, Home First Finance maintains stable credit costs at around 0.4% while asset quality shows improvement with the 1+ days past due ratio at 4.7%, down 70 basis points year-on-year. The company's resistance levels are positioned at ₹1,230–1,260 and support at ₹1,155–1,135. According to NDTV Profit, management highlighted July as its highest-ever month for disbursements, indicating strong underlying business momentum. While asset quality remains broadly stable, the increase in the bounce rate represents a key monitoring point for investors.
