Dewan Housing Finance jumps after strong Q1 earnings

Dewan Housing Finance Corporation surged 4.27% to Rs 159.95 at 15:19 IST on BSE after net profit jumped 54.56% to Rs 120.30 crore on 52.49% growth in total income to Rs 1126.64 crore in Q1 June 2013 over Q1 June 2012.

The Q1 result was announced during trading hours today, 23 July 2013.

Meanwhile, the S&P BSE Sensex was up 126.50 points or 0.63% at 20,285.62.

The stock surged on high volumes. On BSE, 88,295 shares were traded in the counter as against average daily volume of 20,373 shares in the past one quarter.

The stock hit a high of Rs 164.05 and a low of Rs 154.20 far during the day. The stock had hit a 52-week high of Rs 224.90 on 15 January 2013. The stock had hit a 52-week low of Rs 142.25 on 27 July 2012.

The stock had underperformed the market over the past one month till 22 July 2013, sliding 10.87% compared with the Sensex's 7.38% jump. The scrip had also underperformed the market in past one quarter, declining 12.39% as against Sensex's 5.16% 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 is a housing finance company.

Powered by Capital Market - Live News