Hold Dewan Housing, says Yogesh Mehta

Yogesh Mehta of Motilal Oswal Securities told CNBC-TV18, "On Budget play everybody is focusing on the pro-growth kind of a Budget announcement this time and maybe a housing finance company would be the preferred one where one can look at. Dewan Housing Finance is the preferred housing finance company which is quoting at 1.3 times price to book and on technical front Rs 470 seems to be strong support."

"Keeping a stop loss of Rs 470 one can hold on for a potential price target of Rs 540," he said.