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DHFL gains after good Q2 outcome

Capital Market 

Finance Corporation rose 2.31% to Rs 308 at 15:25 on after net profit rose 28.96% to Rs 232.61 crore on 19.65% rise in total income to Rs 2167.72 crore in Q2 September 2016 over Q2 September 2015.

The result was announced during market hours today, 17 October 2016.

Meanwhile, the S&P Sensex was down 143.63 points, or 0.52%, to 27,529.97

On BSE, so far 8.92 lakh shares were traded in the counter, compared with average daily volume of 2.80 lakh shares in the past one quarter. The stock hit a high of Rs 309.30 in intraday trade so far, which is a record high for the counter. The stock hit a low of Rs 295.80 so far during the day. The stock hit a 52-week low of Rs 140.55 on 12 February 2016. The stock had outperformed the market over the past 30 days till 14 October 2016, rising 5.76% compared with Sensex's 2.6% fall. The scrip also outperformed the market in past one quarter, gaining 39.86% as against Sensex's 0.59% decline.

The mid-cap company has an equity capital of Rs 313.03 crore. Face value per share is Rs 10.

Finance Corporation provides loans for purchase or construction of residential houses.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, October 17 2016. 15:31 IST