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DHFL slips on profit booking

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Capital Market

Dewan Housing Finance Corporation fell 1.59% to Rs 448.60 at 15:19 IST on BSE on profit booking after the stock rose 8.14% in the preceding four trading sessions to Rs 455.85 yesterday, 14 July 2015, from a recent low of Rs 421.55 on 8 July 2015.

Meanwhile, the BSE Sensex was up 274.62 points, or 0.98%, to 28,207.52.

On BSE, so far 53,000 shares were traded in the counter, compared with an average volume of 82,964 shares in the past one quarter.

The stock hit a high of Rs 459.60 and a low of Rs 444 so far during the day. The stock hit a record high of Rs 569.70 on 4 March 2015. The stock hit a 52-week low of Rs 301.70 on 30 July 2014.

 

The stock had outperformed the market over the past one month till 14 July 2015, rising 17.84% compared with 5.71% rise in the Sensex. The scrip had also outperformed the market in past one quarter, falling 3.81% as against Sensex's 3.83% fall.

The mid-cap housing finance company has an equity capital of Rs 145.79 crore. Face value per share is Rs 10.

Net profit of Dewan Housing Finance Corporation (DHFL) rose 14.95% to Rs 162.28 crore on 11.7% rise in operating income to Rs 1582.48 crore in Q4 March 2015 over Q4 March 2014.

DHFL provides loans for purchase or construction of residential houses.

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First Published: Jul 15 2015 | 3:13 PM IST

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