Meanwhile, the BSE Sensex was up 151.16 points, or 0.90%, to 16,956.49
On BSE, 23,499 shares were traded in the counter compared with average volume of 14,736 shares over the past two weeks.
The stock hit a high of Rs 198.90 and a low of Rs 192.20 so far during the day. The stock hit a 52-week high of Rs 320.05 on 3 January 2011 and a 52-week low of Rs 183.20 on 30 November 2011.
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The mid-cap stock underperformed the market over the past one month till 5 December 2011, falling 11.45% compared with Sensex's 4.31% decline. The scrip had also underperformed the market over the past one quarter, declining 18.25% as against Sensex's 0.55% rise.
The company's current equity is Rs 104.74 crore. Face value per share is Rs 10.
Dewan Housing Finance Corporation's fund management arm, ArthVeda Fund Management, on Tuesday, 6 December 2011 reportedly launched its second real estate fund, called ArthVeda Star. Through ArthVeda, the fund management company looks to raise Rs 200 crore with a greenshoe option of Rs 100 crore from domestic institutions and high net-worth individuals. The funds to be raised will be deployed in middle-income housing projects, and 75% of investment to be made in 16 tier-II and tier-II cities and outskirts of metros across the country, reports added.
Dewan Housing Finance Corporation's net profit rose 12.1% to Rs 71.89 crore on 60.8% increase in total income to Rs 588.98 crore in Q2 September 2011 over Q2 September 2010.
Dewan Housing Finance Corporation is a housing finance company.
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