DHFL advances after bulk deal

Dewan Housing Finance Corporation rose 2.13% to Rs 278 at 14:18 IST on BSE after a bulk deal of 10.05 lakh shares was executed on the scrip at Rs 274.90 per share at 09:47 IST on BSE.

Meanwhile, the S&P BSE Sensex was up 17.31 points, or 0.06%, to 28,007.52

Bulk deal boosted volume on the scrip. On BSE, so far 13.33 lakh shares were traded in the counter, compared with average daily volume of 2.45 lakh shares in the past one quarter. The stock hit a high of Rs 279.35 in intraday trade so far, which is 52-week high for the counter. The stock hit a low of Rs 270 so far during the day. The stock hit a 52-week low of Rs 140.55 on 12 February 2016.

The mid-cap company has an equity capital of Rs 291.80 crore. Face value per share is Rs 10.

Dewan Housing Finance Corporation (DHFL)'s net profit rose 16.23% to Rs 201.40 crore on 18.52% rise in total income to Rs 1,959.32 crore in Q1 June 2016 over Q1 June 2015.

DHFL provides loans for purchase or construction of residential houses.

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