Housing finance companies have recovered their appetite after getting approval from SEBI to debt-oriented mutual funds to invest up to 10 percent of their net assets in companies in the sector above the prescribed limit of 30%.
Housing Development Finance Corporation is currently trading at Rs. 752.20, up by 2.55 points or 0.34 % from its previous closing of Rs. 749.65 on the BSE.
The scrip opened at Rs. 753.50 and has touched a high and low of Rs. 756.45 and Rs. 747.95 respectively. So far 234525 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 793.85 on 04-Oct-2012 and a 52 week low of Rs. 600.85 on 19-Dec-2011.
Last one week high and low of the scrip stood at Rs. 793.85 and Rs. 738.10 respectively. The current market cap of the company is Rs. 115832.51 crore.
The Institutions and Non-Institutions held 86.75% and 13.25% stakes respectively in the company.
Giving a much needed respite to the housing finance companies (HFCs), the Securities and Exchange Board of India (SEBI) has decided to relax the investment limit for such entities in debt mutual funds. In its meeting held on Oct 6, SEBI decided that an additional exposure to financial services sector (over and above the existing 30%) not exceeding 10% of the net assets of the scheme in debt oriented mutual fund schemes will be allowed by way of increase in exposure to HFCs only, subject to the condition that such securities issued by HFCs are rated AA and above and these HFCs are registered with National Housing Bank (NHB). However, the total investment in HFCs cannot exceed 30% of the net assets of the scheme.
In a circular last month, the SEBI had directed mutual funds to ensure the total exposure of their debt schemes in a particular sector did not exceed 30 per cent of the net assets of the scheme. However, considering the important role played by HFCs in fulfilling the social objective of increased home ownership and supporting the economy by creating demand for construction of new homes, it decided to amend its earlier decision.
| Company Name | CMP |
|---|---|
| LIC Housing Finance | 540.05 |
| Housing & Urban Dev. | 197.00 |
| Bajaj Housing Financ | 91.83 |
| Piramal Finance | 1673.65 |
| PNB Housing Finance | 924.40 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: