Dewan Housing Finance Corporation Stock Price Performance and Outlook

Dewan Housing Finance Corporation has seen its stock price fluctuate over the years, with a significant decline in 2020 due to a liquidity crisis.

The company's stock price plummeted to an all-time low of ₹14.15 in March 2020, a stark contrast to its peak of ₹644.55 in January 2018.

This decline was largely attributed to a liquidity crisis that led to a significant reduction in the company's asset base.

In recent times, however, Dewan Housing Finance Corporation has taken steps to revamp its business and improve its financial health, which has led to a slight recovery in its stock price.

In recent times, the stock price of Dewan Housing Finance Corporation (DHFL) has been quite volatile. On June 8, 2021, the stock price closed at 22.85.

DHFL's stock price experienced a significant drop on June 10, 2021, closing at 18.55. This was a decline of 3.73 points from the previous day's close.

The stock price range for June 9, 2021, was between 20.60 and 21.95. This indicates a relatively narrow range for the day.

The highest trading volume for DHFL was recorded on June 8, 2021, with 14.673 million shares traded.

Here's a breakdown of the stock price ranges for the week of June 7-11, 2021:

The stock price of DHFL remained constant on June 7, 2021, and June 10, 2021, with no change in the open, close, and range.

The stock performance of Dewan Housing Finance Corporation (DHFL) has been quite impressive over the past year. The absolute change in one year is a whopping 395.04, which is a significant gain.

Looking at the one-month period, the absolute change is 31.64, with a percentage change of 8.39. This indicates a steady increase in the stock price over the past month.

Here's a breakdown of the stock's performance over different time periods:

The gain/loss of a stock can be a crucial factor in determining its overall performance. The data shows that the stock has experienced significant fluctuations in value over time.

One week saw a gain of 41.69, with a percentage change of 11.36. This indicates a notable increase in the stock's value over a short period. Two weeks brought a gain of 34.19, with a percentage change of 9.13, showing a similar trend.

A one-month period resulted in a gain of 31.64, with a percentage change of 8.39. Three months, however, saw a massive gain of 393.29, with a percentage change of 2553.83. This is a staggering increase, highlighting the stock's potential for rapid growth.

The longer-term picture is also worth considering. Six months saw a gain of 385.14, with a percentage change of 1635.41. One year brought a gain of 395.04, with a percentage change of 2894.07. These figures demonstrate the stock's ability to maintain momentum over extended periods.

Here's a summary of the gain/loss over various time periods:

These figures provide valuable insights into the stock's performance and can help investors make informed decisions.

DHFL is among the favorite stocks held by Rakesh Jhunjhunwala, who has been vocal about the positive outlook for the housing finance sector.

The benchmark indices Sensex and Nifty 50 have shown significant gains, with Sensex ending at 35,354.08, up by 373 points or 1.07%, and Nifty 50 finishing at 10,628.60, up by 101.85 points or 0.97%.

Jhunjhunwala's confidence in the sector is a good indication for investors, making DHFL a stock worth considering for a one-year investment.

The recent market performance has been very good for investors, with the Sensex and Nifty 50 indices showing substantial gains.

Consider reading: Omega Healthcare Investors Stock Price