HDFC reported a 2% fall in its quarterly profit at Rs 3,001 crore on lower dividend and investment incomes but the earnings still beat analysts' estimates. Did you Know? Stock score of Housing Development Finance Corporation Ltd moved up by 1 in 3 months on a 10-point scale.View "We retain our earnings estimates and expect HDFC to deliver 14-15% core PPOP (Pre-Provision Operating Profit) growth vs less than 10% core PPOP/share growth over FY15-20 as growth outlook for the core business remains strong. Valuations have corrected from 3 times one-year forward price-to-book to 2 times," said CLSA, retaining a target price of Rs 3,000. Kotak Institutional Equities said HDFC has reported a strong performance with a stable net interest margin and a marginal rise in stressed loans despite a challenging business environment.