Sahara Housingfina shares up 20 percent


Sahara Housingfina shares up 20 percent
Bangalore: Sahara Housingfina ended the trading today among top gainers with a gain of 32.70 (19.98 percent). The company opened the stock at 172.00 and closed the trading at day's high value of 196.40. In all 108468 shares were traded throughout the day with current P/E ratio of 74.68. The 52 week stock price chart is on the left. Sahara Housingfina is an India-based company. The company provides loans for the purchase or construction of residential houses. It is engaged in the housing finance business and is governed by National Housing Bank (NHB) guidelines for raising deposits and deployment of its funds. The company has a tie up with National Insurance Company for its insurance cover product called National Insurance Sahara Home Loan Suraksha Bima, which covers the borrowers of the company against various risks, such as perils and natural calamities. The company operates from four regions: Kolkata, Lucknow, Hyderabad and Mumbai. It operates 13 branches, which include Kolkata, Asansol, Siliguri, Ranchi, Durgapur, Lucknow, Gorakhpur, Kanpur, Mumbai, Pune, Hyderabad, Vijayawada and Vishakhapatnam. It is serving the customers through its home loan schemes. Other housing companies also ended the trading at high note with Can Fin Homes, Shalibhadra Finance, Dewan Housing Finance and Bajaj Auto Finance gaining 0.6, 0.9, 0.14 and 0.91 percent, respectively.