Dewan Housing Finance drops after a block deal

Dewan Housing Finance Corporation lost 2.22% to Rs 105.50 at 12:30 IST on BSE after a block deal of 5 lakh shares was executed on BSE at Rs 106 per share at 11:34 IST.

The block deal constitutes 0.38% of Dewan Housing Finance Corporation's equity.

Meanwhile, the S&P BSE Sensex was up 107.21 points or 0.54% at 20,009.28.

On BSE, 5.26 lakh shares were traded in the counter as against average daily volume of 25,308 shares in the past one quarter.

The stock hit a high of Rs 108.65 and a low of Rs 104.45 so far during the day. The stock had hit a 52-week low of Rs 101.50 on 25 September 2013. The stock had hit a 52-week high of Rs 224.90 on 15 January 2013.

The stock had underperformed the market over the past one month till 3 October 2013, declining 5.23% compared with the Sensex's 9.14% rise. The scrip had also underperformed the market in past one quarter, sliding 30.07% as against Sensex's 3.78% rise.

The small-cap housing finance company has equity capital of Rs 128.33 crore. Face value per share is Rs 10.

Dewan Housing Finance Corporation's net profit surged 54.6% to Rs 120.30 crore on 52.5% growth in total income to Rs 1126.65 crore in Q1 June 2013 over Q1 June 2012.

Dewan Housing Finance Corporation is a housing finance company.

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