Ways2Capital Reviews : Gruh Finance Stock Rises 1%; Trades Ex-Bonus

Gruh Finance Ltd is currently trading at Rs346.25 up by Rs5.57 or 1.63% from its previous closing of Rs340.68 on the BSE after the stock turned ex-bonus today.

On April 14, 2018, the board had announced a 1:1 bonus i.e. one new bonus equity shares of Rs2 each for every one existing equity share of Rs2 each for its shareholders.

The scrip opened at Rs339.85 and has touched a high and low of Rs351 and Rs327.80 respectively.

Gruh Finance is a subsidiary of HDFC Ltd (58.59% stake). Its loan book has grown at CAGR of ~27% over FY13-17.

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About Bhoomi Desai

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