Moneycontrol PRO
HomeNewsBusinessStocksBuy Dewan Housing; target of Rs 300: Motilal Oswal

Buy Dewan Housing; target of Rs 300: Motilal Oswal

Motilal Oswal is bullish on Dewan Housing has recommended buy rating on the stock with a target price of Rs 300 in its research report dated January 25, 2019.

January 28, 2019 / 11:14 IST
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Motilal Oswal 's research report on Dewan Housing

    Dewan Housing’s (DEWH) PAT declined 37% YoY to INR3.2b (18% below estimate) in 3QFY19. Over the past quarter, the company focused on liquidity management, while growth took a backseat. DEWH repaid INR179b of borrowings over the past three months, including INR100b of CPs. It raised INR163b of borrowings, largely from portfolio sell-downs. Hence, the off-BS book now accounts for 24% of AUM v/s 15% in 2QFY19. Management plans to increase this to 35-40% over the next few years.

    Outlook

    However, this is expected to normalize and DEWH is likely to focus on its core strength of being a low-ticket affordable housing financier. Maintain Buy with a TP of INR300 (0.8x FY20E BVPS).

    For all recommendations report, click here

    Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    Broker Research
    first published: Jan 28, 2019 11:14 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347