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DHFL trades in green despite reporting 37% fall in Q3 net profit

25 Jan 2019 Evaluate

Dewan Housing Finance Corporation (DHFL) is currently trading at Rs. 208.70, up by 2.20 points or 1.07% from its previous closing of Rs. 206.50 on the BSE.

The scrip opened at Rs. 211.00 and has touched a high and low of Rs. 223.65 and Rs. 200.00 respectively. So far 2915515 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. 223.65 and Rs. 200.00 respectively. The current market cap of the company is Rs. 6510.26 crore.

The promoters holding in the company stood at 39.21%, while Institutions and Non-Institutions held 26.35% and 34.44% respectively.

The company has reported a fall of 36.70% in its net profit at Rs 313.60 crore for third quarter ended December 31, 2018 as compared to Rs 495.44 crore for the same quarter in the previous year. However, total income of the company increased by 12.40% at Rs 3,255.89 crore for Q3FY19 as compared Rs 2,896.62 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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