Motilal Oswal has a 'Buy' rating on the stock, with a target price of Rs 270 per share. It says the bank reported 'healthy' earnings for 2Q FY22, supported by higher treasury gains and recovery from the DHFL resolution.
The share has delivered 100 per cent returns in the last 12 months and risen 52 per cent since the beginning of this year
The company, which is under corporate insolvency process, had posted a net loss of Rs 7,507.01 crore in the January-March quarter of the year-ago fiscal
Billionaire Ajay Piramal's Piramal Group has emerged as the preferred bidder for debt-laden mortgage lender DHFL
DHFL was the first finance company to be referred to NCLT for insolvency proceedings. Before that, the company's board was superseded and R Subramaniakumar was appointed as the administrator
The stock that crashed to a low of Rs 8.40 in April this year has now gained a whopping 285 per cent in just nine months to touch Rs 32 per share
Share price of DHFL fell over 4% to Rs 15.05 compared to the previous close of Rs 15.80 on BSE
On October 1, DHFL had appointed Gavarshetty as the new CEO on the recommendations of the core committee of lenders as well as the firm's internal committee. Gavarshetty is the former chief general manager of State Bank of India
DHFL share price was stuck in lower circuit of 5% today at Rs 18.45 compared to the previous close of Rs 19.40 valuing his current holding at Rs 14.24 crore. Rakesh Jhunjhunwala held 77.20 lakh or 2.46% in the firm at Rs 249.4 per share on December 31, 2018.
Draft report of the audit has been shared with members of DHFL's committee of creditors last week and will be presented to board of the mortgage lender once it is finalised
DHFL stock opened tad higher and surged 5 per cent to hit intraday high of Rs 22.20 on BSE. The stock has eroded over 90 per cent of its value in the last one year