Dewan Housing Finance Corporation rose 2.5% to Rs 219 at 11:52 IST on BSE after three block deals aggregating 4.11 crore shares were executed in the counter on BSE in opening trade today, 26 March 2014.
The first block deal of 1.37 crore shares was executed at Rs 217.10 per share. Second block deal of 1.37 crore shares was executed at Rs 215.15 per share. Third block deal of 1.37 crore shares was executed at Rs 216.70 per share. The block deals constitute 32% of Dewan Housing Finance Corporation's equity.
Meanwhile, the S&P BSE Sensex was up 77.76 points or 0.35% at 22,132.97.
On BSE, 4.13 crore shares were traded in the counter as against average daily volume of 3.82 lakh shares in the past one quarter.
The stock hit a high of Rs 223.75 and a low of Rs 215.15 so far during the day. The stock had hit a 52-week high of Rs 242.65 on 24 January 2014. The stock had hit a 52-week low of Rs 101.50 on 25 September 2013.
The stock had underperformed the market over the past one month till 25 March 2014, sliding 4.24% compared with the Sensex's 5.77% rise. The scrip had also underperformed the market in past one quarter, declining 3.85% as against Sensex's 4.86% rise.
The small-cap housing finance company has equity capital of Rs 128.42 crore. Face value per share is Rs 10.
Dewan Housing Finance Corporation's net profit surged 51.7% to Rs 138.39 crore on 54.8% growth in total income to Rs 1301.37 crore in Q3 December 2013 over Q3 December 2012.
Dewan Housing Finance Corporation's main business is to provide loans for purchase or construction of residential houses.
Powered by Capital Market - Live News
