The stock has risen about 53 percent in the last eight trading sessions.
ED files Special Leave Petition on August 27. Despite the HC bail, Wadhawans are still behind bars as they are in the custody of the CBI in the same case
Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 51 points or 0.43 percent. Nifty futures were trading around 11,766-level on the Singaporean Exchange.
A diversified portfolio, large asset base important; debt market experts recommend mid-rung performers, suggest not to go by past returns
"There is no evidence of DHFL forming shell companies to divert funds, promoters hiding shareholding in any companies and insider trading", said a report by chartered accountant firm TP Ostwal & Associates.
The group's holding company Wadhawan Global Capital (WGC) will be selling its 70 percent stake in the company, while its listed mortgage lender subsidiary DHFL will also be exiting its investment, which is reported to be around 9 percent, as per a company statement on February 2
Can Fin Homes, Shriram Transport Finance, Dewan Housing Finance, Bajaj Finance and Equitas Holdings will get astrological support, says Satish Gupta of astrostocktips.
Largecap and quality midcaps are a better bet at current levels. In terms of sectors, investors can look at banking, insurance, AMC companies, IT and retail-oriented stocks
Nervousness in the stock market and fears of a liquidity squeeze for NBFCs creating solvency issues for real estate players are the reasons for the free fall in NBFC shares post Supertech’s default.
The clarification follows Sebi seeking details from mutual funds about their exposure to all NBFCs and housing finance companies, amid concerns over liquidity in the system, according to sources.
If Bank Nifty settles below 25,900 levels then we will not be surprised to see it targeting towards 24,600 levels
Edelweiss is bullish on Dewan Housing Finance has recommended buy rating on the stock with a target price of Rs 726 in its research report dated May 02, 2018.
NCDs are loan-linked bonds that cannot be converted into stocks and usually offer higher interest rates than convertible debentures.
"The Fed even is neutral to positive for the markets for the following reasons. a) relief that only two hikes are expected this year, and b) surprisingly the inflation number has not been revised upwards," VK Sharma, Head PCG and Capital Market Strategy at HDFC Securities told Moneycontrol.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Dalmia Bharat and can sell Dewan Housing Finance while one can avoid PNB.
"The weekly Bearish Engulfing pattern is still intact. Considering the evidence, we reiterate our cautious view on the index and expect it to correct in the near term," says Aditya Agarwal, Head Technical Research, Way2Wealth Brokers Pvt. Ltd.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy M&M, ITC, Dish TV and Ashok Leyland and can sell Godfrey Phillips, Chennai Petro, LIC Housing and DHFL.
Ashwani Gujral of ashwanigujral.com recommends buying KRBL and Dewan Housing Finance and advises selling India Cements.
Canfin Homes, Indiabulls Housing Finance and Dewan Housing Finance will get astrological support, says Satish Gupta of astrostocktips.
Chandan Taparia of Motilal Oswal Securities recommends buying Hindustan Unilever, TVS Motor and Dewan Housing Finance.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Arvind, Havells India and L&T Finance Holdings and can sell Oriental Bank of Commerce.
Ashwani Gujral of ashwanigujral.com recommends buying Bombay Burmah, Delta Corp, Future Consumer and UPL.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Whirlpool and Hindalco Industries and can sell Dewan Housing Finance.