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Dewan Housing Finance soars on reporting 16% rise in Q1 net profit

20 Jul 2016 Evaluate

Dewan Housing Finance Corporation is currently trading at Rs 220.75, up by 4.25 points or 1.96% from its previous closing of Rs 216.50 on the BSE.

The scrip opened at Rs. 218.00 and has touched a high and low of Rs. 221.25 and Rs. 215.50 respectively. So far 213944 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 268.00 on 10-Aug-2015 and a 52 week low of Rs. 140.55 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 223.15 and Rs. 211.70 respectively. The current market cap of the company is Rs. 6372.87 crore.

The promoters holding in the company stood at 34.89%, while Institutions and Non-Institutions held 34.79% and 30.32% respectively.

Dewan Housing Finance Corporation (DHFL) has reported 16.28% rise in its net profit after tax at Rs 201.40 crore for the quarter ended June 30, 2016 as compared to Rs 173.20 crore for the same quarter in the previous year. Total income of the company increased by 18.52% to Rs 1959.32 crore for the quarter under review from Rs 1653.18 crore for the corresponding quarter of the previous year.

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

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