Reliance Home Finance is currently trading at Rs. 2.52, up by 0.03 points or 1.20% from its previous closing of Rs. 2.49 on the BSE.
The scrip opened at Rs. 2.35 and has touched a high and low of Rs. 2.61 and Rs. 2.35 respectively. So far 1363913 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 3.24 on 03-Jul-2020 and a 52 week low of Rs. 0.71 on 03-Apr-2020.
Last one week high and low of the scrip stood at Rs. 2.61 and Rs. 2.27 respectively. The current market cap of the company is Rs. 120.78 crore.
The promoters holding in the company stood at 49.58%, while Institutions and Non-Institutions held 3.81% and 46.61% respectively.
Reliance Home Finance has defaulted on loan of over Rs 40 crore from Punjab & Sind Bank even as the company has enough cash and cash equivalent which it cannot use due to a court order. The company's total obligation is of Rs 200 crore on a 5-year tenure secured term loan at 9.25 per cent per annum from Punjab & Sind Bank. The company has net cash (including cash equivalent, liquid mutual fund investments, fixed deposits etc) of more than Rs 1,500 crore.
However, the delay in debt servicing is due to prohibition on the company to dispose of, alienate, encumber either directly or indirectly or otherwise part with the possession of any assets, pursuant to order dated November 20, 2019 passed by the Delhi High Court. The company's total outstanding borrowing from banks and financial institutions is Rs 4,358.48 crore.
Reliance Home Finance is engaged in providing housing finance. It provides housing loans, home improvement loan, home extension loan and reliance property solutions. It offers home loans to individuals and companies. It operates as a subsidiary of Reliance Capital.
| Company Name | CMP |
|---|---|
| LIC Housing Finance | 581.30 |
| Housing & Urban Dev. | 232.30 |
| Bajaj Housing Financ | 87.55 |
| Piramal Finance | 2017.85 |
| PNB Housing Finance | 1090.90 |
| View more.. | |
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