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DHFL surges despite reporting consolidated net loss of Rs 242 crore in Q1

Dewan Housing Finance Corporation is currently trading at Rs. 21.45, up by 1.00 points or 4.89% from its previous closing of Rs. 20.45 on the BSE.

The scrip opened at Rs. 20.80 and has touched a high and low of Rs. 21.45 and Rs. 19.55 respectively. So far 297631 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 252.20 on 31-Dec-2018 and a 52 week low of Rs. 19.20 on 17-Oct-2019.

Last one week high and low of the scrip stood at Rs. 23.30 and Rs. 19.20 respectively. The current market cap of the company is Rs. 673.15 crore.

The promoters holding in the company stood at 39.21%, while Institutions and Non-Institutions held 15.15% and 45.64% respectively.

Dewan Housing Finance Corporation (DHFL) has reported a net loss of Rs 206.43 crore for the quarter ended June 30, 2019 against net profit of Rs 435.02 crore for the same quarter in the previous year. Total income of the company decreased by 24.07% at Rs 2,399.87 crore for Q1FY20 as compared Rs 3160.64 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a net loss of Rs 242.48 crore for the quarter under review against net profit of Rs 431.71 crore for the same quarter in the previous year. Total income of the company decreased by 24.07% at Rs 2,399.84 crore for Q1FY20 as compared Rs 3,160.67 crore for the corresponding quarter previous year.

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