Dewan Housing Finance Corporation is currently trading at Rs. 45.65, down by 3.40 points or 6.93% from its previous closing of Rs. 49.05 on the BSE.
The scrip opened at Rs. 45.65 and has touched a high and low of Rs. 47.45 and Rs. 45.20 respectively. So far 1535500 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 690.00 on 03-Sep-2018 and a 52 week low of Rs. 40.85 on 05-Aug-2019.
Last one week high and low of the scrip stood at Rs. 52.15 and Rs. 44.75 respectively. The current market cap of the company is Rs. 1432.60 crore.
The promoters holding in the company stood at 39.21%, while Institutions and Non-Institutions held 15.15% and 45.64% respectively.
Dewan Housing Finance Corporation (DHFL) has defaulted on its financial repayment obligations worth Rs 1,571 crore with regard to issuance of bonds and commercial papers. The defaults pertain to three cases with regard to interest payment on non-convertible debentures (NCDs) and commercial papers (CPs).
DHFL is one of India’s premier housing finance companies and is among the oldest private sector Housing Finance Companies (HFC) in India. The company was established to enable access to affordable housing finance to the lower and middle income groups in semi-urban and rural parts of India.