Dewan Housing Finance Corporation gained 1.28% to Rs 201.25 at 11:30 IST on BSE after the company proposed to issue secured non convertible redeemable debentures at par aggregating to Rs 250 crore.
The announcement was made after market hours yesterday, 31 May 2016.Meanwhile, the BSE Sensex was up 176.10 points, or 0.65%, to 26,842.12.
On BSE, so far 76,852 shares were traded in the counter, compared with an average volume of 1.88 lakh shares in the past one quarter. The stock hit a high of Rs 202.65 and a low of Rs 199.65 so far during the day. The stock hit a 52-week high of Rs 268 on 10 August 2015. The stock hit a 52-week low of Rs 140.55 on 12 February 2016. The stock had underperformed the market over the past one month till 31 May 2016, rising 0.28% compared with 4.14% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, gaining 29.36% as against Sensex's 15.94% rise.
The mid-cap company has an equity capital of Rs 291.80 crore. Face value per share is Rs 10.
Dewan Housing Finance Corporation proposed to issue secured non convertible redeemable debentures at par aggregating to Rs 250 crore including green shoe option on private placement basis. The issue will open on 3 June 2016 and will close on the same day. The NCDs carry a coupon rate of 9% per annum.
Net profit of Dewan Housing Finance Corporation (DHFL) rose 16.9% to Rs 189.66 crore on 24.3% rise in total income to Rs 1966.57 crore in Q3 December 2015 over Q3 December 2014.
DHFL provides loans for purchase or construction of residential houses.
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