GIC Housing Finance Ltd Performance
Open
205.2
Traded Value (Cr)
2.13 Cr
Prev. Close
204.75
VWAP
207.66
Volume
1,55,253
Face Value
10
GIC Housing Finance Ltd Fundamentals
GIC Housing Finance Ltd Financials
Resistance and Support
₹210.30
PIVOT
Resistance | |
---|---|
First Resistance | ₹213.600 |
Second Resistance | ₹219.150 |
Third Resistance | ₹222.450 |
Support | |
---|---|
First Resistance | ₹204.750 |
Second Resistance | ₹201.450 |
Third Resistance | ₹195.900 |
RSI | 44.890 |
MACD | 0.117 |
ADX | 21.926 |
CCI | -127.414 |
Delivery and Volume
About GIC Housing Finance Ltd
GIC Housing Finance Ltd is a subsidiary of General Insurance Corporation of India. The company is engaged in the housing finance activity. They operate in the retail loan segment. They provide loans to individuals and to persons/ entities engaged in construction of houses/ flats for residential purposes. As on 31 March 2019, the company had 75 offices spread across the country. They have got a strong marketing team, which is further assisted by Sales Associates (SAs). They have tie-ups with builders to provide finance to individual borrowers. The company also has tie-ups with corporates for various housing finance needs. GIC Housing Finance Ltd was incorporated on December 12, 1989 with the name GIC Grih Vitta Ltd. 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 company was promoted by General Insurance Corporation of India and their erstwhile subsidiaries namely, National Insurance Company Ltd, The New India Assurance Company Ltd, The Oriental Insurance Company Ltd and United India Insurance Company Ltd together with erstwhile UTI, ICICI, IFCI, HDFC and SBI, all of them contributing to the initial share capital. HDFC, SBI, ICICI and SUUTI sold off their holding in the company and ceased to be the promoters of the company. During the year 1989-91, the company started their operations in 8 locations. During the year 1991-92, they launched Employee and Builder Scheme Housing Scheme. During the year 1992-93, the name of the company was changed from GIC Grih Vitta Ltd to GIC Housing Finance Ltd with effect from November 16, 1993. During the year 1994-95, the company started new services centres in Navi Mumbai, Vizag and Coimbatore. During the year 1996-97, they started the process of branch interlinking and computerization. During the year 2000-01, the company opened a service centre at Madurai in Tamilnadu. During the year 2001-02, they opened three service centres at Trichy (Tamil Nadu), Thane (Mumbai) and Noida (Delhi). During the year 2009-10, the company opened their branches in tier two cities namely Baroda, Nagpur and Nasik. With this, the total number of branches as on 31st March 2010 stood at 27. They sanctioned Rs 77757 lakh under 'Apna Ghar Yojana' during the year. The company had taken 'Special Contingency Insurance' with The New India Assurance Company Ltd, which covers Accidental Insurance and Mortgaged property Insurance of the borrowers of the company. Also, the company made a tie up with Kotak Mahindra Old Mutual Life Insurance Ltd for getting insurance cover on the life of the borrower to the extent of the 'outstanding home Loan'. In December 2010, the company sold their investments in LIC Mutual Fund Asset Management Company Ltd and LIC Mutual Fund Trustee Company Pvt Ltd.During the year ended 31 March 2014, GIC Housing Finance opened its branches at Patna (Bihar), Ahmedabad (Gujarat), Yelahanka (Bangalore, Karnataka), Chandanagar (Hyderabad, Andhra Pradesh), Kalyan & Borivali (Maharashtra) and Dehradun (Uttarakhand). During the year ended 31 March 2015, GIC Housing Finance opened its branches at Meerut (Uttar Pradesh), Boisar (Maharashtra), Ghaziabad (Uttar Pradesh), Margao (Goa), Dwarka (Delhi), Electronic City (Bengaluru), Garia (Kolkata) and Hadapsar (Maharashtra). During the year ended 31 March 2016, GIC Housing Finance opened its branches at Greater Noida (Uttar Pradesh), Raipur (Chhattisgarh), Vijayawada (Andhra Pradesh), Vasai (Maharashtra) and Patiala (Punjab).During the year ended 31 March 2017, GIC Housing Finance opened its branches at Pitampura (Delhi), Hinjewadi (Maharashtra), Barasat (West Bengal), Mangalore (Karnataka) and Guwahati (Assam). During the year ended 31 March 2018, GIC Housing Finance opened its branches at Kozhikode (Kerala), Nellore (Andhra Pradesh), Whitefield (Karnataka), Hubli (Karnataka) and Siliguri (West Bengal). During the year 2019, the Company has opened its Branches at Thrissur (Kerala), Surat (Gujarat), Suchitra (Hyderabad), Kengari (Karnataka) and Varanasi (Uttar Pradesh).
Managing Director
Paul Lobo
Founded
1989
NSE Symbol
GICHSGFIN
GIC Housing Finance Ltd Management
Name | Designation |
---|---|
Devesh Srivastava | Chairman & Non Executive Dir. |
Suchita Gupta | Non Executive Director |
Satyajit Tripathy | Non Executive Director |
Neerja Kapur | Non Executive Director |
Hitesh Joshi | Non Executive Director |
N S R Chandraprasad | Independent Non Exe. Director |
AJIT KUMAR SAXENA | Independent Non Exe. Director |
Rani Singh Nair | Independent Non Exe. Director |
Vaijinath Gavarshetty | Independent Non Exe. Director |
Kishore Garimella | Independent Non Exe. Director |
S. J. Krishnan | Independent Non Exe. Director |
Neelam Damodharan | Independent Director |
Paul Lobo | Managing Director & CEO |
Sunil Kakar | Independent Director |
RASHMI RAMAN SINGH | Non Executive Director |
N. Ramaswamy | Chairman & Additional Director |
Rajeshwari Singh Muni | Director |
GIC Housing Finance Ltd News
Similar Stocks
Company | Market Cap | Market Price | P/E Ratio |
---|---|---|---|
BAJFINANCE | ₹ 4,08,856 Cr | ₹ 6,625.15 (0.30 %) | 32.34 |
BAJAJFINSV | ₹ 2,49,630 Cr | ₹ 1,565.50 (0.06 %) | 213.25 |
JIOFIN | ₹ 2,19,442 Cr | ₹ 341.15 (-1.23 %) | 0.00 |
IRFC | ₹ 1,92,172 Cr | ₹ 147.40 (0.24 %) | 31.80 |
PFC | ₹ 1,37,960 Cr | ₹ 420.45 (0.57 %) | 10.05 |