Meanwhile, the BSE Sensex was down 99.96 points, or 0.54%, to 18,496.06.

On BSE, 33,887 shares were traded in the counter as against an average daily volume of 58,151 shares in the past one quarter.

The stock hit a high of Rs 112.80 and a low of Rs 110.35 so far during the day. The stock had hit a record high of Rs 161.55 on 25 October 2010 and a 52-week low of Rs 92.95 on 21 March 2011.

The small-cap stock had outperformed the market over the past one month till 13 July 2011, rising 8.40% compared with the Sensex's return of 1.81%. The scrip had also outperformed the market in past one quarter, gaining 0.21% as against 5.59% decline in the Sensex.

The company has an equity capital of Rs 53.85 crore. Face value per share is Rs 10.

Before turning ex-dividend, the stock offered a dividend yield of 4.66% based on the closing price of Rs 118.10 on Wednesday, 13 July 2011.

GIC Housing had declared a dividend of Rs 4.50 per share for the year ended March 2011 (FY 2011). Additionally, it had declared a one-time special dividend of Rs 1 per share for FY 2011 in view of profit on sale of investments.

GIC Housing Finance's net profit declined 5.7% to Rs 16.58 crore on 15.4% rise in total income to Rs 91.45 crore in Q4 March 2011 over Q4 March 2010.

GIC Housing Finance provides housing loans to individuals and to persons/entities engaged in construction of houses/flats for residential purposes.