Positive on DHFL; recommend buy, target Rs 545: Taparia

Chandan Taparia of Anand Rathi Securities told CNBC-TV18, "We are positive on all the housing finance companies since last couple of weeks. Dewan Housing Finance Corporation has seen a significant build-up of long position in the last series as open interest added by more than 70 percent. So addition of open interest and the long rollover is indicating that the stock is set to see higher levels.""In the last couple of trading sessions, we have seen open interest addition by more than 15 percent and now the short covering also suggests that this rally can continue on the higher side. So we have positive view on the counter and recommending going long with a stop loss of Rs 500 and expecting immediate target towards Rs 545," he added.At 12:49 hrs Dewan Housing Finance Corporation was quoting at Rs 514.80, up Rs 7, or 1.38 percent. It has touched an intraday high of Rs 517.65 and an intraday low of Rs 509.40.