Hot Pursuit     15-Dec-15
GIC Housing Finance gains after bulk deal
GIC Housing Finance rose 3.32% to Rs 203.90 at 12:51 IST on BSE after a bulk deal of 5 lakh shares was executed on the scrip at Rs 203.55 per share at 12:01 IST on BSE today, 15 December 2015.

Meanwhile, the S&P BSE Sensex was up 11.92 points or 0.05% at 25,162.27

Bulk deal boosted volume on the scrip. On BSE, so far 5.09 lakh shares were traded in the counter as against average daily volume of 30,969 shares in the past one quarter.

The stock hit a high of Rs 205.20 and a low of Rs 197.15 so far during the day. The stock had hit a 52-week low of Rs 161 on 25 August 2015. The stock had hit a record high of Rs 287.25 on 19 January 2015.

The stock had underperformed the market over the past one month till 14 December 2015, falling 5.93% compared with 1.8% fall in the Sensex. The scrip, however, outperformed the market in past one quarter, gaining 12.07% as against Sensex's 2.73% decline.

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

GIC Housing Finance's net profit rose 15.3% to Rs 29.79 crore on 20.6% growth in total income to Rs 215.55 crore in Q2 September 2015 over Q2 September 2014.

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

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