/ India Home Loan Gains 6% On Signing MoU With SUDA ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 10 March 2017

Mumbai based, India Home Loan gained almost 6% as the company signed a memorandum of understanding (MoU) with Surat Urban Development Authority (SUDA). The MoU has been signed for facilitating housing loans to borrowers in Surat.

The stock hit a high of Rs 103 per share. The stock in a period of one year has delivered 127% returns, outperforming the BSE Small-cap and Nifty Financial Services indices over the same time span.

The company through the MoU will provide economically weaker borrowers, housing loans for buying houses or flats under the Mukhyamantri Gruh Yojana scheme, at various locations in the city of Surat.

India Home Loans Limited provides housing finance services primarily in India. The company was formerly known as Manoj Housing Finance Company Limited.

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