GIC Housing Finance is currently trading at Rs. 68.70, up by 3.30 points or 5.05% from its previous closing of Rs. 65.40 on the BSE.
The scrip opened at Rs. 63.65 and has touched a high and low of Rs. 71.90 and Rs. 62.00 respectively. So far 22044 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 281.90 on 05-Jul-2019 and a 52 week low of Rs. 57.25 on 13-Mar-2020.
Last one week high and low of the scrip stood at Rs. 85.00 and Rs. 57.25 respectively. The current market cap of the company is Rs. 369.96 crore.
The promoters holding in the company stood at 42.41%, while Institutions and Non-Institutions held 16.24% and 41.35% respectively.
GIC Housing Finance has received approval from its board of directors for incorporation of new subsidiary company for the purpose of carrying mainly the business of marketing and collection of the housing Loan products (along with other financial products) and such other objects as may be provided in the Memorandum of Association (MOA) of the new company. The Company’s Board of Directors in its meeting held on March 07, 2020, considered and approved the same.
GIC Housing Finance’s primary business is granting housing loans to individuals and to persons/entities engaged in construction of houses/flats for residential purposes.
