Dewan Housing Finance Limited (DHFL) has moved higher by 7% to Rs 289 on the BSE after the company reported 31.7% year on year jump in standalone net profit at Rs 245 crore for the quarter ended December 31, 2016 (Q3FY17), on back of over 20% growth in operational income. The housing finance company had profit of Rs 186 crore in year ago quarter.
Net interest income (revenue from operation minus interest & finance cost) increased 21.5% at Rs 565 crore in Q3FY17 against Rs 465 crore in the corresponding quarter of previous fiscal.
Tips for Tomorrow
Investor’s can Buy DHFL for Tomorrow between 285 to 290 targets 297, 305 Stop Loss 277.