Housing finance stocks gain ahead of Union Budget

HDFC, LIC Housing, Can Fin Homes, Dewan Housing, Gruh Finance and GIC Housing are up 1-4% on the BSE.

Shares of most of the housing finance companies are trading firm on the bourses ahead of Union Budget.

Housing Development Finance Corporation (HDFC), LIC Housing Finance, Can Fin Homes, Dewan Housing Finance Corporation, Gruh Finance and GIC Housing Finance are trading higher in the range of 1-4% on the Bombay Stock Exchange (BSE) at 1110 hours. The benchmark S&P BSE Sensex was up 0.35% at 25,535 points.

Among the individual stocks, LIC Housing Finance has surged 4% to Rs 329, followed by HDFC (3% to Rs 1,045), Dewan Housing Finance (3% at Rs 385) and Gruh Finance (2% at Rs 204).