April 16, 2018 / 4:28 AM / 5 months ago

BUZZ-India's Gruh Finance hits 12-week high on upbeat results

** Shares of Gruh Finance Ltd rise as much as 6.52 pct to 652.5 rupees, their highest since Jan 22

** The housing finance company’s stock posts biggest intraday pct gain since April 2

** The company, a unit of Housing Development Finance Corp Ltd, posted a 18 pct jump in March-qtr profit on Saturday here

** Co announced a bonus issue of shares in ratio 1:1

** Stock up nearly 63 pct in 12 months, as of Friday

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