GIC Housing Finance Ltd. up by 12.27% | Espresso

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Espresso Shot of the Day - GIC Housing Finance Ltd. up by 12.27%

January 02, 2023
Espresso Shot of the Day - GIC Housing Finance Ltd. up by 12.27%

GIC HOUSING FINANCE LTD 238.75  (+12.27%) BSE – INE289B01019 | 2nd January 2023

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GIC Housing Finance Limited started its operation from December 1989. The Company was formed with the objective of entering in the field of direct lending to individuals and other corporates to accelerate the housing activities in India. The primary business of GICHFL is granting housing loans to individuals and to persons/entities engaged in construction of houses/flats for residential purposes. The company carries the vision for the future of Housing in India. The Company was promoted by General Insurance Corporation of India and its erstwhile subsidiaries namely, National Insurance Company Limited, The New India Assurance Company Limited, The Oriental Insurance Company Limited and United India Insurance Company Limited.


Recent Drivers

  • On December 5,2022 GIC Housing Finance planned to raise funds selling commercial papers which will offer a yield of 7.40%.
  • On November 15,2022, the company reported a net profit of Rs. 56.31 crores in September 2022, up 24.5% from the Rs.45.23 crores reported in September 2021.
  • On November 15,2022, the company reported a net sale of Rs. Net Sales of Rs 278.97 crore for the quarter ended September 2022.
  • On May 19,2022, the company's Board of Directors recommended a final dividend of 4.50 per share. The Ex-date for the same was on September 1,2022.
        (Sources: BSE, Money control, Economic Times)


Technical Force*

  • S&P BSE Small cap month till date gain by 0.84%.
  • 3 months avg. BSE volume: 682,585
  • Quantity traded: 4,50,298| Deliverable quantity: 1,55,488 (34.53%).
  • Stock price jumped by more than 110 % from a one-year low level: 109.95 (June 21, 2022)
  • Daily RSI (14) is above overbought territory today.
  • 52-week-high: 247.70| 52-week-low: 109.95.


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

358.08

287.92

250.28

180.12

142.28

72.32

34.68

-

Fibonacci Pivot

287.92

246.74

221.30

204.91

180.12

155.32

138.94

113.50

72.32


Today’s Close

238.75

SMA

BSE

10 DAY

196.48

20 DAY

188.58

50 DAY

163.89

200 DAY

141.08


Some Key Ratios (Source: BSE)

Market Cap:  1,285.69 Crores

PE:  5.82

OPM%: -

ROE%:  13.97

Promoters holding%: 42.41

Prev. Close:  212.65


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The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Espresso Financial Services Pvt. Ltd bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Espresso Financial Services Pvt. Limited is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.