Dewan Housing Finance playing a catch-up move: Deepak Mohoni
It is a laggard. It has only now got into the act. Good move today, it is up 9% nearly but it had just struck its bear market low not very long ago, three sessions ago. So even with this move, it is barely at a one-week high, so this is a catch-up...
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| Updated: In a chat with ET Now, Deepak Mohoni, Director, trendwatchindia.com, shares his investment ideas.
What is your take on Dewan Housing Finance?
It is a laggard. It has only now got into the act. Good move today, it is up 9% nearly but it had just struck its bear market low not very long ago, three sessions ago. So even with this move, it is barely at a one-week high, so this is a catch-up move. LIC Housing Finance has clearly run away. HDFC has always been an outperformer and a safer stock, so this is sort of getting into the party now.
What is your take on Dewan Housing Finance?
It is a laggard. It has only now got into the act. Good move today, it is up 9% nearly but it had just struck its bear market low not very long ago, three sessions ago. So even with this move, it is barely at a one-week high, so this is a catch-up move. LIC Housing Finance has clearly run away. HDFC has always been an outperformer and a safer stock, so this is sort of getting into the party now.
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