DHFL provides loans for purchase or construction of residential houses. Stable margins, cost-to-income ratio and strong loan book growth supported the earning performance of the company in H1FY16. The asset quality of the company continues to be robust. Net NPA ratio continued to be nil at the end of September 2015.
The company expects about 2% rise in capital adequacy on account of RBI's revised guidelines.
It has rebounded after testing its lower band of its consolidation pattern of late and offering opportunity to accumulate fresh. Traders should enter in the given range of 222-228 with close below stop loss of 213 for the target of 258.