Wednesday, July 24, 2013

Dewan Housing - Q1 Results

Financial Results for June 30, 2013
Link: Click Here

Dewan Housing Finance Corporation: Outcome of AGM
Link: Click Here

Dewan Housing Finance Corp Q1 net soars 54% to Rs 120 Cr
Link: Click Here

Another good set of numbers posted by Dewan Housing where revenue increased 52.5 percent to Rs 1,126.2 Cr from Rs 738.5 Cr and net profit jumped 57.1 percent to Rs 288.3 Cr from Rs 183.5 Cr YoY.

Right now, with most of housing finance company, in downtrend, its difficult to predict the movement even after such strong numbers. At most, we can predict that downside in this counter is limited.
There is a huge upside potential, but I think, it will take some time to unveil that.
Not sure about short term investors, but definitely, long term investors, can hold this stock with confidence, as even promoters have increase their stakes in the company off-late.

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