-- HDB Financial Services (NSE:HDBFS, BOM:544429) has raised 3.25 billion Indian rupees through the allotment of non-convertible debentures on a private placement basis, according to a Tuesday filing to the Indian stock exchanges.
The company allotted 32,500 non-convertible debentures of a face value of 100,000 rupees each with a coupon rate of 7.58% per annum. They will mature on May 29, 2028.
The debentures are proposed to be listed on the BSE's wholesale debt market segment.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Following encouraging Q1 results, we lift our 12-month target to $260 from $250 and reaffirm our Buy view on shares. Our target values shares at 22.4x our 2027 EPS view of $11.62 (up from $11.34; 2026 EPS view is raised to $10.62 from $10.52), near peers' and DOV's historical average multiple. DOV posted operating EPS of $2.28, up 11% Y/Y, as revenue growth accelerated to 10% Y/Y (5% organic), reflecting broad-based strength across the portfolio and momentum in secular growth markets. Clean Energy & Fueling and Climate & Sustainability Technologies led top-line growth with 13% and 18% Y/Y revenue increases, respectively, benefiting from demand in energy transition markets. Bookings performance was sound, with $2.5B in orders (up 24% Y/Y). Notably, management quantified the opportunity from the AI investment supercycle, guiding for $1 billion of related sales to be generated in 2026. DOV is making targeted investments in capacity to meet accelerating demand, with order conversions likely picking up into 2027.