DHFL gains after good Q2 outcome

Dewan Housing Finance Corporation rose 2.31% to Rs 308 at 15:25 IST on BSE 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 BSE 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.

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

Powered by Capital Market - Live News