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DHFL advances on reporting 52% rise in Q2 net profit

21 Nov 2018 Evaluate

Dewan Housing Finance Corporation (DHFL) is currently trading at Rs. 237.25, up by 12.20 points or 5.42% from its previous closing of Rs. 225.05 on the BSE.

The scrip opened at Rs. 227.70 and has touched a high and low of Rs. 238.65 and Rs. 224.45 respectively. So far 2268660 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 690.00 on 03-Sep-2018 and a 52 week low of Rs. 176.05 on 25-Oct-2018.

Last one week high and low of the scrip stood at Rs. 247.00 and Rs. 220.30 respectively. The current market cap of the company is Rs. 7165.59 crore.

The promoters holding in the company stood at 39.21%, while Institutions and Non-Institutions held 25.85% and 34.94% respectively.

DHFL has reported 52.46% rise in its net profit at Rs 438.74 crore for the quarter ended September 30, 2018 as compared to Rs 287.78 crore for the same quarter in the previous year. Total income of the company increased by 33.71% at Rs 3,519.22 crore for Q2FY19 as compared Rs 2,632.06 crore for the corresponding quarter previous year.

DHFL is one of India’s premier housing finance companies and is among the oldest private sector Housing Finance Companies (HFC) in India. The company was established to enable access to affordable housing finance to the lower and middle income groups in semi-urban and rural parts of India.

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