Buy DHFL; target Rs 255: Rahul Shah

Rahul Shah of Motilal Oswal told CNBC-TV18, "If you look at entire housing finance space, we have seen some kind of momentum building up in last two days. Dewan Housing Finance Corporation (DHFL) has been in a laggard for quite some time now and it has been in an narrow range. So, after couple of days we have seen volumes have started spurting up and the longs have created in the stock.""I feel the stock can go to Rs 255 and can break again the range of Rs 245-246 which earlier used to be the range and it sued to come back. So, it can go to Rs 255, so keep a stoploss of Rs 230 which is the near-term support. One can buy DHFL with target of Rs 255," he said.