Thursday 10 March 2016

DHFL jumps 3% after approval to raise funds

The company received an approval to raise funds up to Rs. 5,100 crore, subject to market conditions, by way of a secured or unsecured debt issue by means of a private placement or listed on any offshore or onshore Stock Exchanges. 

Dewan Housing Finance Corporation, DHFLDHFL jumped 3% to Rs.182.50 on BSE. The company received an approval to raise funds up to Rs. 5,100 crore, subject to market conditions, by way of a secured or unsecured debt issue by means of a private placement or listed on any offshore or onshore Stock Exchanges.

The board of directors at its meeting held on March 09, 2016 has approved for the same.

The scrip opened at Rs. 180 and has touched a high and low of Rs. 184.35 and Rs. 180 respectively. So far 1077683(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 5173.58 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 273.5 on 10-Mar-2015 and a 52 week low of Rs. 140.55 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 179.45 and Rs. 163 respectively.

The promoters holding in the company stood at 34.9 % while Institutions and Non-Institutions held 37.5 % and 27.6 % respectively.

The stock is currently trading above its 200 DMA. 

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