Housing finance stocks gain; sector sees strong growth ahead
DSIJ Intelligence / 02 May 2017
Real estate market experts believe that many government initiatives and policies in favour of affordable housing would drive growth for the housing sector.
The housing finance stocks have attracted the attention of investors in the markets. In Tuesday’s trading session, the stock of LIC Housing Finance Limited stock closed higher by 5.53% at Rs 705.35 per share. HDFC Limited stock closed up by nearly 3% at Rs 1582.95 per share. Indiabulls Housing Finance Limited stock closed up by 5.93% at Rs 1076.95 per share, while DHFL is trading higher by 4.59% at Rs 447.4 per share.
Real estate market experts believe that many government initiatives and policies in favour of affordable housing would drive growth for the housing sector. The housing finance sector may also witness the fund-raising plans in the near future since the growth rate in the segment has been fast and strong.
Many realty analysts are giving positive feedback on the housing finance segment. Therefore, the sector stocks have been in the limelight. Though the major indices in the markets are losing their sheen, the housing finance stocks have been outperforming them, which was witnessed in Tuesday’s trading session too.
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