Stock Market

Buy DHFL, target Rs 708: Yes Securities

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YES Securities has a buy call on Dewan Housing Finance Corporation (DHFL) with a target price of Rs 708. The current market price of Dewan Housing Finance Corporation is Rs 665.70. Time period given by the brokerage is two weeks when DHFL price can reach the defined target.

YES Securities recommended keeping a stop loss at Rs 650. "The stock is on the verge of a breakout from an Ascending Triangle pattern suggesting bullishness dominant at the moment.

Therefore, a BUY recommendation," YES Securities said in a report.

DHFL, incorporated in the year 1984, is a largecap company (having a market cap of Rs 20,880.27 Crore) operating in Finance sector.




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