Housing Finance Companies Slip In Trade


Housing finance companies took a beating during the Friday morning trading session. Almost all companies were trading in red territory, except HUDCO and SRG Housing Finance which were trading flat.

Sahara Housingfina Corporation was trading lower by 7.8% at Rs 51.15 per share at 1032 hours on BSE. It was the top losing stock amongst other housing finance companies.

India Home Loan was down 4.5% at Rs 110.25 per share, Indiabulls Housing Finance was down 4.2% at Rs 1066.95 per share, Dewan Housing Finance Corporation was down 3.4% at Rs 440.50 per share and PNB Housing Finance was also down 2.9% at Rs 1,532.40 per share.

Other stocks viz. Can Fin Homes was down 2.8% at Rs 3,156.90 per share, Repco Home Finance was down 2.3% at Rs 847 per share, LIC Housing Finance was down 1.7% at Rs 756.15 per share and GIC Housing Finance was also trading lower by 1.3% at Rs 581.35 per share.

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