Hot Pursuit     18-Jul-13
GIC Housing Finance drops ex-dividend
GIC Housing Finance lost 4.68% to Rs 105.90 at 10:26 IST on BSE as the stock turned ex-dividend today, 18 July 2013, for dividend of Rs 5 per share for the year ended 31 March 2013.

Meanwhile, the S&P BSE Sensex was up 45.30 points or 0.23% at 19,994.03.

On BSE, 10,000 shares were traded in the counter as against average daily volume of 38,391 shares in the past one quarter.

The stock hit a high of Rs 108.50 and a low of Rs 105 so far during the day. The stock had hit a 52-week low of Rs 83.35 on 14 August 2012. The stock had hit a 52-week high of Rs 156.60 on 9 January 2013.

The stock had underperformed the market over the past one month till 17 July 2013, falling 0.49% compared with the Sensex's 3.22% rise. The scrip had also underperformed the market in past one quarter, gaining 1.65% as against Sensex's 6.5% rise.

The small-cap company has 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 4.5% based on the closing price of Rs 111.10 on Wednesday, 17 July 2013.

GIC Housing Finance's net profit declined 16.7% to Rs 16.65 crore on 22.6% growth in total income to Rs 146.03 crore in Q4 March 2013 over Q4 March 2012.

GIC Housing Finance provides housing loans to both individuals and corporations.

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