 "Housing finance companies in focus; HDFC, LIC Housing, Dewan Housing hit lifetime high")
Shares of housing finance companies are on a roll with most the stocks from the sector trading at their respective lifetime highs on anticipation of a host of reforms for affordable housing segment in the upcoming Budget.
Dewan Housing Finance Corporation (4% at Rs 528), LIC Housing Finance (3% at Rs 509) and Housing Development Finance Corporation (up 2% at Rs 1,379) have rallied between 2-4% and touched their respective record high on BSE.
GIC Housing Finance (5% at Rs 263), Gruh Finance (5% at Rs 275), Repco Home Finance (4% at Rs 674) and Can Fin Homes (4% at Rs 648) too surged between 4-5%. At 0956 hours, the S&P BSE Sensex up 0.81% at 29,458 points.
The Street expects increased allocation to rural housing funds, sops for builders to develop affordable homes, and an increase in deductions for repayment of housing loan (both principal and interest) to be announced in the Budget. CLICK HERE TO READ FULL REPORT.
Dewan Housing Finance Corporation (4% at Rs 528), LIC Housing Finance (3% at Rs 509) and Housing Development Finance Corporation (up 2% at Rs 1,379) have rallied between 2-4% and touched their respective record high on BSE.
GIC Housing Finance (5% at Rs 263), Gruh Finance (5% at Rs 275), Repco Home Finance (4% at Rs 674) and Can Fin Homes (4% at Rs 648) too surged between 4-5%. At 0956 hours, the S&P BSE Sensex up 0.81% at 29,458 points.
The Street expects increased allocation to rural housing funds, sops for builders to develop affordable homes, and an increase in deductions for repayment of housing loan (both principal and interest) to be announced in the Budget. CLICK HERE TO READ FULL REPORT.