CMP: 250


Dewan Housing Finance Corporation Ltd. provides housing finance services in India. Dewan also leases commercial and residential premises to various companies.

Dewan Housing Finance Corporation has been growing steadily and at pretty rapid pace in the last 5 years and the trend should continue. NPM is healthy at little over 15% and cash flows have been very positive. The stock is trading at its support levels and is a good point to buy in. Finance stocks have been outperforming and is a good time to buy now. Its currently trading at a P/E of little over 10. Buy, Accumulate on dips and hold for long term gains.