Dewan Housing Finance Corporation rose 3.5% to Rs 183.50 at 13:00 ISt on BSE after the board of directors at a meeting held on 9 March 2016 approved to raise funds upto Rs 5100 crore, by way of private placement of a secured or unsecured debt issue.
The announcement was made after market hours yesterday, 9 March 2016.Meanwhile, the BSE Sensex was down 295.58 points, or 1.19%, to 24,498.38.
On BSE, so far 1.46 lakh shares were traded in the counter, compared with an average volume of 1.4 lakh shares in the past one quarter. The stock hit a high of Rs 184.35 and a low of Rs 180 so far during the day. The stock hit a 52-week high of Rs 273.50 on 10 March 2015. The stock hit a 52-week low of Rs 140.55 on 12 February 2016. The stock had outperformed the market over the past one month till 9 March 2016, gaining 6.2% compared with 3.22% gains in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 16.86% as against Sensex's 0.97% fall.
The mid-cap company has an equity capital of Rs 291.80 crore. Face value per share is Rs 10.
Net profit of Dewan Housing Finance Corporation (DHFL) rose 16.4% to Rs 185.90 crore on 23.6% rise in total income to Rs 1885.33 crore in Q3 December 2015 over Q3 December 2014.
DHFL provides loans for purchase or construction of residential houses.
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