Delta Corp, Blue Star, Motilal Oswal Financial Services, Escorts, Trent, VIP Industries, Adani Transmission, Supreme Industries, MRF and Natco Pharma were among the 34 stocks on the S&P BSE 500 index, which hit their respective all-time highs after a strong rally in equity market.
Most of the housing finance companies (HFCs) such as Housing Development Finance Corporation (HDFC), Can Fin Homes, GIC Housing Finance, Dewan Housing Finance (DHFL) and PNB Housing Finance from the index hit record highs on BSE.
In a bid to cover a larger set of population in the lower income group (LIG)/EWS (economically weaker section), the governmentextended the scope of Pradhan-Mantri Awas Yojana (PMAY) in December, 2016 to include a higher housing ticket-size and made a slightly higher income level eligible for interest subsidy.
Domestic rating agency Icra last month said affordable housing segment is likely to grow over 30 per cent over the medium term and will be the key growth driver for the mortgage finance market.
Delta Corp has surged 15% to Rs 208 on back of over two-fold jump in trading volumes. At 01:40 pm; the stock was up 12% at Rs 203, with a combined 18.7 million shares changed hands on the BSE and NSE so far.
The stock has appreciated by 120% from its recent low of Rs 95.40 touched on December 26, 2016, as compared to 15% rise in the S&P BSE Sensex.
Delta Corp is the largest operator in the organised gaming market in India, and the only listed operator with access to capital markets.
The company’s board on March 22, approved plans to raise up to Rs 750 crore through issue of equity shares or other securities via qualified institutional placement (QIP).
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