The reputed housing finance companies (HFCs) are witnessing a rise in their shares as investors are speculating benefits to the sector because of the PM’s vision of providing housing for all by 2022.
The top HFCs like Indiabulls, LIC housing, PNB housing, HDFC and DHFL have come in the notice of the investors between the chances of getting upgrades in rating.
HFCs expectancy in the future is powerful keeping in mind the support of the government with the sector. The effect of demonetization has not been very hostile for the sector of HFCs.
Normally, the sector is performing well, but if there is any kind of rating revisions, it would have an impact on the developments and trends on that particular organization.
Eight HFCs have witnessed their one-year highs recently, and the shares have given a return in the range of 3% and 43%. The highest benefit gained was by GIC housing.
And with the Pradhan Mantri Awas Yojana going in full swing, there will be an increase in demand as expected by the investors.
HFCs have shown a very high amount of growth among the overall growth of loan. This has helped in increasing the trust of investor for a long term investment as they feel a great amount of potential in this sector.