Shares of Repco Home Finance and PNB Housing Finance rallied by up to 18 per cent, hitting their respective 52-week highs on the BSE in intra-day trade on Thursday, in an otherwise weak market, amid heavy volumes.
LIC Housing Finance, GIC Housing Finance and Can Fin Homes were among other housing finance companies (HFCs) that too hit their respective 52-week highs in intra-day trade today as they gained between 4 per cent and 5 per cent. In comparison, the S&P BSE Sensex was down 0.61 per cent at 51,387 points around 01:15 pm.
The Reserve Bank of India (RBI) on Wednesday came out with a slew of directions related to maintenance of liquidity coverage ratio, risk management, asset classification and loan-to-value ratio, among others, for HFCs.