Sammaan Capital said there are no open investigations pertaining to the allegations in the PIL against the company with any investigative agencies or any regulatory/ statutory bodies.
Aptus Value Housing has surged over 7 per cent in two sessions after the company reported strong performance in a seasonally weak quarter
Can Fin Home's stock was quoting at ₹717.05, down 3.74 per cent on the National Stock Exchange
The northward move in Aadhar Housing share came after foreign brokerage Citi Research initiated coverage with 'Buy' for a target price of Rs 565 per share
Bajaj Housing, which is backed by the Bajaj Group, has between FY22 and FY24 grown exceptionally in terms of assets under management and profit, according to analysts
LIC Housing Finance, PNB Housing Finance, Can Fin Homes and Bajaj Finance dropped in the range of 4 per cent to 6 per cent
Bajaj Housing Finance listing: GIC Housing Finance, Home First Finance Company India, PNB Housing Finance and Can Fin Homes rallied between 5 per cent and 15 per cent today
Bajaj Housing Finance IPO: Analysts advise investors to focus on the fundamentals of the individual companies and accumulate the shares on dips from long-term gains
Technical chart suggests that PNB Housing Finance and Repco Home Finance can potentially rally up to 14 per cent from present levels.
Housing sales across the top eight cities declined 6 per cent in the April-June period compared with the preceding quarter as builders and investors were cautious due to Lok Sabha polls, according to PropTiger. Property brokerage platform PropTiger, which is part of REA India that owns Housing.com, on Thursday released its quarterly data on housing demand and supply. As per the data, housing sales fell 6 per cent to 1,13,768 units during the April-June period from 120,642 units in the preceding January-March quarter. However, the housing sales rose 42 per cent in April-June from 80,245 units in the year-ago period. "Demand for homes moderated during the April-June period on account of the general elections even though consumer sentiment continues to remain extremely positive about real estate investments on the back of strong fundamentals," said Vikas Wadhawan, Group CFO, REA India, and Business Head, PropTiger.com. The developer community, too, exercised caution, as evidenced by
Barring PNB Housing Finance, other housing finance stocks indicate weakness, with selling pressure to mount further if crucial levels are breached.
IHFL's balance sheet and AUM have stabilised and the base has been formed for 10% YoY growth in loans this financial year
Shares of LIC Housing Finance today slipped below the 200-WMA after falling over 10 per cent. Now, four out of five leading housing finance stocks are trading below the 200-WMA.
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Shares of housing finance companies nosedived after the RBI hiked repo rate on May 4. While robust real estate demand may outweigh rate hike impact, some firms may be vulnerable to interest rate hikes
RBI had on November 12, 2021, introduced tighter asset quality reporting norms for all lenders, which brought in housing financiers and NBFCs on par with commercial banks
Activity rises as investors' fears over collections ebb
CARE Ratings expects collections and asset quality for HFCs to improve in the second half as the economy improves
Housing sales have picked up in recent months as the economy slowly limps back to normalcy. Therefore, a strong recovery along with better margins could re-rate stocks in HFC sector, analysts say
While bank credit to NBFCs has seen a rise of 30 per cent year on year, credit has mostly flown into larger NBFCs with good parentage and ones with better ALM positions.