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Which housing finance stocks offer value after the recent rally?

Following a polarised price performance , valuations of HFCs show a stark picture of divergence

February 24, 2021 / 07:45 PM IST
Which housing finance stocks offer value after the recent rally?

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Housing finance companies (HFCs) saw a smart bounceback in disbursements in the quarter ended December. The collection efficiency in the retail housing loan segment is now at pre- COVID levels. Most importantly, asset quality is holding up better than feared at the outset of the pandemic. So, should we assume that golden days for HFCs are back? While loan growth, which moderated in the current fiscal, is expected to pick up in FY22, the pace of growth of HFCs is...

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