HFC stock Sammaan Capital jumps 9% on reports of corporate shake-up. Check details
The uptrend was supported by robust trading activity, with about 2 crore equity shares changing hands on the exchanges — significantly higher than the one-week average volume of 58 lakh shares.
According to a CNBC-TV18 report, Himanshu Mody, the former CFO of Suzlon Energy who is credited with leading the company's financial turnaround, is expected to join Sammaan Capital in a senior leadership role.
Sammaan Capital, formerly known as Indiabulls Housing Finance Ltd, is a Non-Banking Financial Company (NBFC) specialising in housing finance. The company manages assets under management (AUM) of approximately ₹ 66,000 crore.
Sammaan Capital share price has fallen 2% in one month, but has gained 3% in three months. The housing finance stock has dropped 19% on a year-to-date (YTD) basis, while it has declined 15% in two years. Sammaan Capital shares have risen 12% in three years and have lost 36% in five years.
At 1:20 PM, Sammaan Capital share price was trading 7.65% higher at ₹ 123.85 apiece on the BSE.
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