Incidentally, HDFC has been rated as the country's most consistent wealth creator during the last 5 years - in an exhaustive study by MOTILAL OSWAL.
In my opinion, it will be consistent in wealth creation - in future also.
Its board has approved stock split from Rs.10 to Rs.2 (as can be seen in the details below) and is looking at ways of unlocking the huge hidden value in its subsidiaries for the benefit of Investors.
Most analysts tend to ignore this hidden value in its subsidiaries and even the consolidated EPS is often not taken into account - while evaluating the market price.
While subsidiaries may be a drag on some other companies, not so for HDFC. They are performing well and adding value significantly.
HDFC Investors will continue to reap rich rewards in future - looking at how it is raising its capital requirements and expanding its loan Book.The portions underlined are especially important for looking at the future of HDFC (FY11 and so on)
Now, read on - what the HDFC Board approves and proposes :