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DHFC trades higher on the bourses

15 Jul 2016 Evaluate

Dewan Housing Finance Corporation is currently trading at Rs. 215.45, up by 1.95 points or 0.91% from its previous closing of Rs. 213.45 on the BSE.

The scrip opened at Rs. 211.70 and has touched a high and low of Rs. 218.60 and Rs. 211.70 respectively. So far 157911 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 268.00 on 10-Aug-2015 and a 52 week low of Rs. 140.55 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 219.00 and Rs. 207.75 respectively. The current market cap of the company is Rs. 6276.57 crore.

The promoters holding in the company stood at 34.89%, while Institutions and Non-Institutions held 35.75% and 29.35% respectively. 

Dewan Housing Finance Corporation (DHFC), one of the leading housing finance companies in India, has unveiled a short-term corporate deposit scheme, which offers interest rates ranging from 7.55% to 8.40%, depending on the tenure.   The minimum deposit under the scheme, which is targeted to meet the short-term investment requirements of corporate customers and is available only to public and private limited companies registered under the Companies Act, is Rs10 lakh.

Meanwhile, the company is planning to further raise share of retail deposits in overall fund to 10% this fiscal as part of its strategy to diversify the sources of borrowings. The company is also planning to raise Rs 25,000-27,000 crore this year to fund loan growth.

Dewan Housing Finance Corporation is among the oldest private sector Housing Finance Companies (HFC) in India

 

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