Prefer LIC Housing over DHFL, says Daljeet Kohli

Daljeet Kohli, Head of Research at IndiaNivesh Securities Private Limited said he would prefer LIC Housing or GIC Housing over Dewan Housing.

Kohli told CNBC-TV18, “I would prefer LIC Housing or GIC Housing over Dewan Housing. The basic reason being that Dewan Housing does not have access to cheaper funds. This business is purely depended on the one who gets relatively better cost of funds and for Dewan Housing that option is not there enough because of the pedigree, because of the issues we have seen.” LIC Housing Finance gained 1.92 percent to close at Rs 251.90 on Bombay Stock Exchange. Meanwhile, Dewan Housing Finance Corporation rallied 4 percent to Rs 180.10 at the close.