Home Finance stocks surge, Indiabulls Housing Finance up by 3 per cent

While the Indian stock market remained mellow in the intraday trade on Tuesday, housing finance stocks buzzed. Leading housing finance company, Indiabulls Housing Finance led the stocks with a gain of over 3  per cent  on BSE. The surge in Indiabulls Housing Finance was followed by Repco Home Finance and Can Fin Homes.
 
Indiabulls Housing Finance hit an intraday high of Rs. 1,218.65 per share, higher by 3.2  per cent  and an intraday low of Rs. 1,174.95 per share on BSE in Tuesday’s trade. The stock also witnessed a surge in its volume by more than 1.03 times against its average volume. The stock had hit its 52-week high of Rs. 1,374.95 per share on October 23,  2017  and its 52-week low of Rs. 616.05 per share on December 27, 2016.
 
Repco Home Finance hit an intraday high of Rs. 643.20 per share, higher by 3.3  per cent  and an intraday low of Rs. 622.15 per share on BSE in Tuesday’s trade. Whereas, Can Fin Homes hit an intraday high of Rs. 489.55 per share and an intraday low of Rs. 472 per share on BSE. 
 
At 1409 hours IST, Indiabulls Housing Finance was trading at Rs. 1,199 per share, higher by 1.62  per cent  on BSE. Whereas, Repco Home Finance was trading at Rs. 630 per share, higher by 1.20  per cent  and Can Fin Homes was trading at Rs. 481.80 per share, higher by 1.69  per cent  on BSE at the same time.