Dewan Housing Finance Corporation rose 2.68% to Rs 271.60 at 9:24 IST on BSE after the company said that its board will meet on 16 January 2017 to consider raising funds by issuing preference shares.
The announcement was made after market hours yesterday, 11 January 2017.Meanwhile, the S&P BSE Sensex was up 132.89 points or 0.49% at 27,273.30.
On the BSE, 95,000 shares were traded on the counter so far as against the average daily volumes of 2.86 lakh shares in the past one quarter. The stock had hit a high of Rs 273.75 and a low of Rs 268.30 so far during the day.
The stock had hit a record high of Rs 337 on 20 October 2016 and a 52-week low of Rs 140.55 on 12 February 2016.
The mid-cap company has equity capital of Rs 313.13 crore. Face value per share is Rs 10.
Dewan Housing Finance Corporation said that a meeting of the board of directors of the company is scheduled on 16 January 2017, for raising funds by way of issue of preference shares.
Dewan Housing Finance Corporation's net profit rose 29% to Rs 232.61 crore on 19.7% rise in operating income to Rs 2167.72 crore in Q2 September 2016 over Q2 September 2015.
Dewan Housing Finance Corporation provides loans for purchase or construction of residential houses.
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