DHFL jumps after paying off dues on bonds

Dewan Housing Finance Corporation rose 3.17% to Rs 83 at 9:39 IST on BSE after the company announced that it made principal and interest payment on non-convertible debentures (NCDs) due on 14 June 2019.

The announcement was made after market hours on Friday, 14 June 2019.

Meanwhile, S&P BSE Sensex was down 158.48 points or 0.4% at 39,293.59.

On BSE, 4.96 lakh shares were traded in DHFL counter, compared to a 2-week average of 40.35 lakh shares. The share price hit an intraday high of Rs 84.90 and an intraday low of Rs 78.75. It hit a 52-week high of Rs 690 on 3 September 2018 and a 52-week low of Rs 76.55 on 14 June 2019.

Dewan Housing Finance Corporation (DHFL) said that it made a principal payment of Rs 100 crore and interest payment of Rs 25.49 lakh on non-convertible debentures (NCDs) due on 14 June 2019.

DHFL's net profit fell 36.7% to Rs 313.60 crore on 12.40% rise in total income to Rs 3255.89 crore in Q3 December 2018 over Q3 December 2017.

DHFL provides housing finance to lower and middle income families in semi-urban and rural India.

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