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Dewan Housing Finance surges on reporting 18% rise in Q1 net profit

24 Jul 2015 Evaluate

Dewan Housing Finance Corporation is currently trading at Rs. 492.05, up by 9.60 points or 1.99% from its previous closing of Rs. 482.45 on the BSE.

The scrip opened at Rs. 488.30 and has touched a high and low of Rs. 499.90 and Rs. 486.00 respectively. So far 122973 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 569.70 on 04-Mar-2015 and a 52 week low of Rs. 301.70 on 30-Jul-2014.

Last one week high and low of the scrip stood at Rs. 499.90 and Rs. 450.00 respectively. The current market cap of the company is Rs. 7231.42 crore.

The promoters holding in the company stood at 34.92% while Institutions and Non-Institutions held 30.47% and 34.62% respectively.

Dewan Housing Finance Corporation has reported 17.76% rise in its net profit at Rs 173.28 crore for the quarter ended June 30, 2015 as compared to Rs 147.15 crore for the same quarter in the previous year. The company’s total income has increased by 4.47% to Rs 1653.19 crore for the quarter under review from Rs 1582.48 crore for the corresponding quarter of the previous year.

Dewan Housing Finance Corporation (DHFL) is among the oldest private sector Housing Finance Companies (HFC) in India.

 

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