Dewan Housing Finance Corporation fell 1.18% to Rs 209.95 at 09:35 IST on BSE after the stock turned ex-dividend today, 8 July 2016, for final dividend of Rs 2 per share for the year ended 31 March 2016.
Meanwhile, the BSE Sensex was down 26.46 points, or 0.1%, to 27,175.03
On BSE, so far 6,200 shares were traded in the counter, compared with average daily volume of 2.06 lakh shares in the past one quarter. The stock hit a high of Rs 212 and a low of Rs 207.75 so far during the day. The stock hit a 52-week high of Rs 268 on 10 August 2015. The stock hit a 52-week low of Rs 140.55 on 12 February 2016.
The mid-cap company has an equity capital of Rs 291.80 crore. Face value per share is Rs 10.
Before turning ex-dividend, the Dewan Housing Finance Corporation (DHFL) stock offered a dividend yield of 0.94% based on its closing price of Rs 212.45 on the BSE yesterday, 7 July 2016.
DHFL's net profit rose 16.87% to Rs 189.66 crore on 24.27% rise in total income to Rs 1966.57 crore in Q4 March 2016 over Q4 March 2015.
DHFL provides loans for purchase or construction of residential houses.
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