Housing Development Finance Corporation is currently trading at Rs. 1220.05, up by 47.10 points or 4.02% from its previous closing of Rs. 1172.95 on the BSE. The scrip opened at Rs. 1169.90 and has touched a high and low of Rs. 1228.10 and Rs. 1153.45 respectively. So far 134636 shares were traded on the counter.
LIC Housing Finance is currently trading at Rs. 451.95, up by 28.05 points or 6.62% from its previous closing of Rs. 423.90 on the BSE. The scrip opened at Rs. 420.00 and has touched a high and low of Rs. 458.55 and Rs. 415.95 respectively. So far 650255 shares were traded on the counter.
Dewan Housing Finance Corporation is currently trading at Rs. 215.75, up by 8.20 points or 3.95 % from its previous closing of Rs. 207.55 on the BSE. The scrip opened at Rs. 205.00 and has touched a high and low of Rs. 217.90 and Rs. 198.20 respectively. So far 328756 shares were traded on the counter.
Gruh Finance is currently trading at Rs. 269.00, up by 8.80 points or 3.38 % from its previous closing of Rs. 260.20 on the BSE. The scrip opened at Rs. 257.00 and has touched a high and low of Rs. 271.50 and Rs. 251.45 respectively. So far 102164 shares were traded on the counter.
Shares of housing finance companies have surged after Reserve Bank of India (RBI) Governor, in its monetary policy statement said that it is proposed to reduce the risk weights applicable to lower value but well collateralised individual housing loans. Currently, the minimum risk weight applicable on individual housing loans is 50%. In a most surprising move the Reserve Bank of India (RBI) reduced the policy repo rate under the liquidity adjustment facility (LAF) by 50 basis points (bps) from 7.25 per cent to 6.75 per cent.
