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Team Research

MOSL: Morning India (9/June/17)-1. Dewan Housing Finance (Execution plans on track); 2. Zee Entertainment

​MOrning India (9/June/17): 1. Dewan Housing Finance (Execution plans on track); 2. Zee Entertainment

Today’s top research idea

Dewan Housing Finance: Execution plans on track; Strong tailwinds for improving profitability

DEWH continues to capitalize on its mortgage lending expertise in an underpenetrated market. Its focus on being a core mortgage finance player is demonstrated by its divestments of non-core assets.

Its strategy to maintain sufficient liquidity on the balance sheet without consequential drag on margins is prudent, in our view. Moreover, management's continued commitment toward lowering operating cost should improve return ratios and investor sentiment.

We believe the gradual transformation of DEWH to a core mortgage player with strong growth and healthy return ratios would result in further re-rating. Buy.

Piping hot news

Kerala liquor ban: Government relaxes norms, toddy goes 5-star

The Left government in Kerala has decided to reopen a good number of liquor bars that were shut in tune with the liquor policy of the previous Congress-led UDF government

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Motilal Oswal
Motilal Oswal

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