Volume Shocker: Gruh Finance

Gruh Finance is trading higher by 3% at Rs 700 on back of huge volumes. As many as a combined 297,052 shares have already changed hands on the counter so far, against an average sub 7,500 shares that were traded daily in past two weeks on both the exchanges. The stock opened at Rs 685 and hit a low of Rs 681 on the National Stock Exchange.

Gruh Finance Ltd, a subsidiary of India's largest home mortgage firm - Housing Development Finance Corporation (HDFC), has fixed July 25, 2012 as the Record Date for the purpose of sub division of the nominal face value of the equity shares of Rs 10 each into 5 equity shares of nominal face value of Rs 2 each.