GIC Housing Finance announced that the Board of Directors of the Company at its meeting held on 29 June 2020, inter alia, have recommended the final dividend of Rs 2 per equity Share (i.e. 20%) , subject to the approval of the shareholders.

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APL Apollo Tubes Ltd, Polycab India Ltd, Rail Vikas Nigam Ltd and Fortis Healthcare Ltd are among the other gainers in the BSE's 'A' group today, 02 July 2020.

GIC Housing Finance Ltd spiked 11.87% to Rs 101.3 at 11:53 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 7.39 lakh shares were traded on the counter so far as against the average daily volumes of 1.14 lakh shares in the past one month.

APL Apollo Tubes Ltd soared 8.75% to Rs 1760. The stock was the second biggest gainer in 'A' group. On the BSE, 3226 shares were traded on the counter so far as against the average daily volumes of 1761 shares in the past one month.

Polycab India Ltd surged 7.90% to Rs 860.5. The stock was the third biggest gainer in 'A' group. On the BSE, 46344 shares were traded on the counter so far as against the average daily volumes of 28236 shares in the past one month.

Rail Vikas Nigam Ltd gained 7.41% to Rs 20.3. The stock was the fourth biggest gainer in 'A' group. On the BSE, 21.31 lakh shares were traded on the counter so far as against the average daily volumes of 8.21 lakh shares in the past one month.

Fortis Healthcare Ltd spurt 6.28% to Rs 130.3. The stock was the fifth biggest gainer in 'A' group. On the BSE, 2.71 lakh shares were traded on the counter so far as against the average daily volumes of 3.95 lakh shares in the past one month.

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Net profit of GIC Housing Finance declined 48.23% to Rs 26.40 crore in the quarter ended March 2020 as against Rs 50.99 crore during the previous quarter ended March 2019. Sales declined 3.21% to Rs 313.11 crore in the quarter ended March 2020 as against Rs 323.49 crore during the previous quarter ended March 2019.

For the full year,net profit declined 73.46% to Rs 45.59 crore in the year ended March 2020 as against Rs 171.81 crore during the previous year ended March 2019. Sales rose 1.85% to Rs 1247.45 crore in the year ended March 2020 as against Rs 1224.78 crore during the previous year ended March 2019.

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GIC Housing Finance will hold a meeting of the Board of Directors of the Company on 29 June 2020.

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