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Sell Dewan Housing Finance Corporation, target Rs 570: Manas Jaiswal

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Manas Jaiswal of manasjaiswal.com has a sell call on Dewan Housing Finance Corporation Ltd. with a target price of Rs 570.0 . The current market price of Dewan Housing Finance Corporation Ltd. is Rs 583.75 Time period given by the analyst is Intra Day when Dewan Housing Finance Corporation Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 600
Dewan Housing Finance Corporation Ltd., incorporated in 1984, is a largecap company with a market cap of Rs 18507.44 crore.
Dewan Housing Finance Corporation Ltd. key Products/Revenue Segments include Interest On Housing Loans which contributed Rs 9045.32 Crore to Sales Value (86.55 % of Total Sales), Interest which contributed Rs 413.25 Crore to Sales Value (3.95 % of Total Sales), Income From Sale Of Share & Securities which contributed Rs 408.03 Crore to Sales Value (3.90 % of Total Sales), Other Services which contributed Rs 379.61 Crore to Sales Value (3.63 % of Total Sales), Dividend which contributed Rs 137.31 Crore to Sales Value (1.31 % of Total Sales) and Commission which contributed Rs 66.64 Crore to Sales Value (0.63 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-03-2018, the company has reported a Standalone sales of Rs 2801.93 Crore, up 6.47 % from last quarter Sales of Rs 2631.60 Crore and up 17.96 % from last year same quarter Sales of Rs 2375.36 Crore Company has reported net profit after tax of Rs 312.40 Crore in latest quarter. The companys top management includes Mr.Dheeraj Wadhawan, Mr.G P Kohli, Mr.Harshil Mehta, Mr.Kapil Wadhawan, Mr.Mannil Venugopalan, Mr.V K Chopra, Ms.Vijaya Sampath. Company has Chaturvedi & Shah as its auditoRs As on 31-03-2018, the company has a total of 313,658,847 shares outstanding.

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