Hot Pursuit     16-Dec-15
GIC Housing Finance gains as mutual fund hikes stake
GIC Housing Finance advanced 4.45% to Rs 207.65 at 14:39 IST on BSE after Reliance Mutual Fund hiked its stake in the company by acquiring 7.80 lakh shares yesterday, 15 December 2015.

Meanwhile, the S&P BSE Sensex was up 213.14 points or 0.84% at 25,533.58

On BSE, so far 50,330 shares were traded in the counter as against average daily volume of 39,463 shares in the past one quarter.

The stock hit a high of Rs 208.90 and a low of Rs 204.25 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 15 December 2015, falling 5.24% compared with Sensex's 1.13% fall. The scrip, however, outperformed the market in past one quarter, gaining 9.77% as against Sensex's 1.5% fall.

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

Reliance Capital Trustee Co A/C Reliance Tax Saver (ELSS) Fund bought 5 lakh shares of GIC Housing Finance at an average price of Rs 199 per share in a bulk deal on the BSE yesterday, 15 December 2015. Additionally, Reliance Mid & Small-Cap Fund bought 2.80 lakh shares of the company at an average price of Rs 199 per share in a bulk deal on the NSE yesterday, 15 December 2015.

Reliance Capital Trustee Co owned 16.41 lakh shares or 3.05% stake in GIC Housing Finance (as per the shareholding pattern as on 30 September 2015).

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.

Previous News
  GIC Housing Finance standalone net profit rises 119.56% in the September 2021 quarter
 ( Results - Announcements 30-Oct-21   08:08 )
  GIC Housing Finance standalone net profit declines 14.53% in the December 2022 quarter
 ( Results - Announcements 03-Feb-23   07:39 )
  GIC Housing Finance allots NCDs aggregating Rs 195 cr
 ( Corporate News - 30-Mar-21   12:46 )
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  GIC Housing Finance Ltd leads gainers in 'A' group
 ( Hot Pursuit - 06-Oct-20   12:00 )
  GIC Housing Finance redeems commercial paper worth Rs 150 cr
 ( Corporate News - 15-Feb-21   19:54 )
  GIC Housing Finance director resigns
 ( Corporate News - 21-Dec-21   17:26 )
  GIC Housing Finance standalone net profit rises 14.37% in the September 2014 quarter
 ( Results - Announcements 13-Nov-14   18:30 )
  GIC Housing Finance standalone net profit rises 21.82% in the December 2015 quarter
 ( Results - Announcements 29-Jan-16   17:48 )
  GIC Housing Finance repays commercial paper aggregating Rs 100 cr
 ( Corporate News - 27-Nov-20   16:51 )
  GIC Housing Finance Ltd leads losers in 'A' group
 ( Hot Pursuit - 14-Aug-19   15:00 )
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