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Dewan Housing Finance gains nearly 3% on strong Q3

By Religare

Dewan Housing Finance gains nearly 3% on strong Q3
Shares of home loan and housing finance company Dewan Housing Finance rose nearly 3 on Bombay Stock Exchange (BSE) after company registered strong financial performance in the third quarter ended December 31, 2013.

The company has reported a 51.67 per cent rise in net profit at Rs 138.39 crore for the December quarter on higher loan disbursements. Buoyed by earnings, shares of company gained as much as 2.68 per cent to trade at Rs 219.95 a piece on the BSE.

In a similar fashion, shares of the company climbed 1.40 per cent to Rs 217.00 a piece on National Stock Exchange.

Meanwhile, the broader benchmark Sensex was quoting at 21,257.29, up 52.24 points or 0.25 per cent at 10:00 hours.

Dion Global Solutions Ltd.

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