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Oct 17, 2016 03:44 PM IST | Source: CNBC-TV18

Stay invested in DHFL, says Avinash Gorakshakar

Avinash Gorakshakar, Market Expert is of the view that one may stay invested in Dewan Housing Finance Corporation.

Avinash Gorakshakar, Market Expert told CNBC-TV18, "Dewan Housing Finance Corporation (DHFL) operates largely in the tier II and the tier III markets. Definitely the loan book growth as well as income growth has been quite good and I think going forward, in the second half which is normally a pickup period for housing finance companies, we could see some further traction."

"I think clearly in tier II and tier III cities the kind of growth momentum which is going to come in is going to make the loan book grow and I think asset quality levels are pretty decent. So, one could definitely hold on and probably look at a price of around Rs 340-350 over the next six to eight months," he added.
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