Gruh Finance has rallied 7% to Rs 334 after the board of housing finance company recommended the issue of bonus shares in the ratio of 1 equity share for every 1 equity share held.
The board has also recommended payment of dividend of Rs 3 per equity share for the year ended March 31, 2014 as against Rs 2.50 per share in the previous year.
Meanwhile, Gruh Finance, a subsidiary of HDFC, has reported a 16.7% year-on-year growth in net profit at Rs 73.6 crore for the fourth quarter ended March 31, 2014 as against Rs 63.06 crore in the same quarter year ago.
The company's net interest income grew 23.8% to Rs 106 crore from Rs 86 crore during the same period.
The stock opened at Rs 337 and touched a record high of Rs 359 on the BSE. Till 0955 hours, a combined 214,000 shares changed hands on the counter as against an average sub 100,000 shares traded daily in the past two weeks on the NSE and BSE.
The board has also recommended payment of dividend of Rs 3 per equity share for the year ended March 31, 2014 as against Rs 2.50 per share in the previous year.
Meanwhile, Gruh Finance, a subsidiary of HDFC, has reported a 16.7% year-on-year growth in net profit at Rs 73.6 crore for the fourth quarter ended March 31, 2014 as against Rs 63.06 crore in the same quarter year ago.
The company's net interest income grew 23.8% to Rs 106 crore from Rs 86 crore during the same period.
The stock opened at Rs 337 and touched a record high of Rs 359 on the BSE. Till 0955 hours, a combined 214,000 shares changed hands on the counter as against an average sub 100,000 shares traded daily in the past two weeks on the NSE and BSE.
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