Dewan Housing can move to Rs 300: SP Tulsian

Dewan Housing Finance Corporation can move to Rs 300 in the next 4-6 months time, says Investment Advisor, SP Tulsian.

Tulsian told CNBC-TV18, "Dewan Housing has posted very good results. If we all recall, the company acquired the Deutsche Home Finance, Deutsche Postbank Home Finance Company for about Rs 700 crore plus. The market hiked their apprehension that probably they may not be able to post or maybe the integration will take time and the investment may not yield much results but that has all proved wrong. Because if you see their FY11 consolidated performance, their loan sanction have grew by about 70% in FY11 while the loan disbursements has grew about 68.