Rakesh Jhunjhunwala buys 25 lakh Dewan Housing Finance Corporation (DHFL) shares

• Ace investor, the Buffet of India, Rakesh Jhunjhunwala has bought 25,00,000 Shares for Rs 34 cores in Dewan Housing Finance Corporation.
• The Stock was bought around 135 Rs each.This purchase was done in open market.
• Its a new stock to his portfolio, not sure why he picked this stock,this being mostly the Finance company for Home loans. 
• Lets see if his new pick will turn Multibagger

Housing Development Finance Corporation (HDFC) - Mulitbagger Trgt 1450 2 yrs time frame

• HDFC is a leading housing finance provider company in India offers various types of home loans.
• The company is Market leader in the Mortgage Finance Industry with great risk managment.
• Increase in Workable population leads to more aggregate disposable income & higher no of home buyers. Increase in median age results into more mature new home buyer market. This will again benefit HDFC.
• The company has always kept thier shareholders happy with Good Dividend paying history.
• Thier strategic planning and Strategic investments yielding good returns for the company.
• HDFC has one of the most respected and experienced management teams in the industry. Average tenure of senior management is more than 25 years
• HDFC is well placed in a business segment where secular growth drivers are intact and capable of supporting loan growth of 22-25%. Key drivers of long term growth for the company include continuation of strong economic growth, higher disposable income, lower penetration of home ownership proportion & penetration in India.
• Management has a flexible strategy to fund mortgage book growth, depending on prevailing liquidity. HDFC Limited’s historical ability to maintain spreads at around 2.2-2.3% and grow business at over 20% YoY across economic cycles gives us comfort.

One can Buy with Trgt 1450 2 yrs time frame