GIC Housing Finance drops after 3-day 19.9% rally

• Shares of GIC Housing Finance had jumped 19.95% in three trading sessions to settle at Rs 115.40 on Thursday, 18 October 2012, from Rs 96.20 on 15 October 2012, after the company during trading hours on 16 October 2012, reported strong Q2 September 2012 earnings.GIC Housing Finance`s net profit jumped 148.9% to Rs 23.15 crore on 29.5% growth in total income to Rs 136.54 crore in Q2 September 2012 over Q2 September 2011.

• The stock hit a high of Rs 116.50 and a low of Rs 112.20 so far during the day. The stock had hit a 52-week high of Rs 116.95 on Thursday, 18 October 2012. The stock had hit a 52-week low of Rs 68 on 2 January 2012.

• The stock had outperformed the market over the past one month till 18 October 2012, surging 28.58% compared with the Sensex`s 1.6% rise. The scrip had also outperformed the market in past one quarter, jumping 30.03% as against Sensex`s 9.35% rise.

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