Live Markets »News & Advice»Market News»Market News Details
Market News Details
Back

Gruh Finance gains 6% post Q4 results; 1:1 bonus issue

SI Reporter/Mumbai 16 Apr 18 | 10:27 AM

Gruh Finance logo

Gruh Finance has rallied 6% to Rs 652 on the BSE in intra-day trade after the board of directors recommended the issue of bonus shares in the ratio of 1:1 i.e. one equity share for every one equity share held on the record date.

Related Stories

    No Related Stories Found
Widgets Magazine

The board also recommended dividend of Rs 3.30 per equity share of face value of Rs 2 each for the financial year ended March 31, 2018.

Gruh Finance, a subsidiary of Housing Development Finance Corporation (HDFC), has reported 18% year on year growth in net profit at Rs 1,305 million in January-March quarter (Q4FY18).

The company said its loan portfolio grew 18% to Rs 155.68 billion as at March 31, 2018 from Rs 132.44 billion in the previous year.

As at March 2018, gross non-performing assets (NPA) increased to 0.45% from 0.31% on a year on year basis. The Net NPA stands at NIL indicating a ratio of Net NPA to loans of NIL at the end of March 31, 2018, Gruh Finance said in a press release.

At 10:24 am; the stock was trading 4.5% higher at Rs 640 against 0.18% decline in the S&P BSE Sensex. The trading volumes on the counter more than doubled with a combined 1.26 million shares changed hands on the BSE and NSE so far.

Widgets Magazine

Sensex

Company Price Gain (%)
NTPC155.701.96
Infosys1,333.051.83
H D F C1,991.550.95
Wipro283.100.86
Hind. Unilever1,753.850.73

Poll

Currently No Poll Available.

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine