Dewan Housing Finance Corporation is currently trading at Rs. 400.00, up by 0.60 points or 0.15% from its previous closing of Rs. 399.40 on the BSE.
The scrip opened at Rs. 399.00 and has touched a high and low of Rs. 402.55 and Rs. 397.00 respectively. So far 13502 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 435.05 on 15-Dec-2014 and a 52 week low of Rs. 193.00 on 03-Jan-2014.
Last one week high and low of the scrip stood at Rs. 408.00 and Rs. 390.30 respectively. The current market cap of the company is Rs. 5140.23 crore.
The promoters holding in the company stood at 39.18% while Institutions and Non-Institutions held 30.03% and 30.78% respectively.
Avanse Education Finance Services, a group company of Dewan Housing Finance, is planning to give loans to educational institutions this year. The company will give loans only to established institutions for their expansion. The company will give loans to universities, colleges, coaching classes and pre-schools for adding infrastructure such as buildings, libraries, laboratories.
The ticket size of such loans will be in the range of Rs 50 lakh to Rs 5 crore. Avanse is registered as a non-banking financial company, in which Dewan Housing has a majority stake.
Dewan Housing Finance Corporation is among the oldest private sector Housing Finance Companies (HFC) in India.
