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51,974 shares changed hands in the counter on BSE.
The stock witnessed pre-results volatility. After rallying 22.8% in a short while to a high of Rs 45.70 on 15 July 2005 from Rs 37.20 on 12 July 2005, the stock came sharply off the higher level ahead of the results announcement. The stock slipped to Rs 40.90 by 29 July 2005 ahead of the results announcement.
GIC Housing Finance has reported 129.8% growth in Q1 June 2005 net profit to Rs 7.08 crore (Rs 3.08 crore). Income from operations rose 39.8% to Rs 37.40 crore (Rs 26.75 crore).
Insurance companies like General Insurance Corporation, New India Assurance, United India Insurance, National Insurance Company and Oriental Insurance have a combined stake of 33.7% in GIC Housing Finance. IFC has 8.1% stake.
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