Larger HFCs, with strong balance sheets, are expected to gain market share from weaker players, say analysts
Mortgage lender HDFC’s December quarter (Q3FY21) business update brought the spotlight back on housing finance corporations (HFCs) in Tuesday’s trading session. Shares of HDFC advanced 3.08 per cent to hit a new high of Rs 2,658.5 on the BSE after the HFC reported a healthy 26 per cent year on year (YoY) pick-up in individual loan disbursement during the quarter (Q3FY21).
Others in the pack followed suit as shares of Aavas Financiers surged 5.3 per cent, LIC Housing Finance gained 2.3 per cent, GIC Housing Finance (1.6 per cent), and Can Fin Homes (1.4 per cent). In comparison, the benchmark S&P BSE Sensex settled 0.5 per cent higher at 48,438 levels.
"Contrary to the earlier expectations, such growth in housing
First Published: Jan 05 2021 | 2:10 PM IST