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Housing Finance Company Stocks Flying Higher
Jun 6, 2017


Talking about housing finance companies (HFCs), shares of HFCs are trading near their lifetime highs.

On a compounded annual basis over the last four years, these returns come to a staggering 114% for Can Fin Homes, 49% for GIC Housing Finance, 37% for Gruh Finance as well as Repco Finance, and 29% for LIC Housing Finance. Similarly, on a point-to-point basis, can fin has delivered an astounding return of 1991% in the last four years. Gruh Finance and Repco finance delivered more than 250% in the same time period.

Some of the key reasons for the handsome return include softening interest rate, good asset quality, shortest turnaround time for issuing loans, diversified funding mix, and of course urbanisation megatrend.

To our pleasant surprise, two of these five stocks happen to have been recommended at different times in our service The India Letter . Not to mention, in October 2016, the Hidden Treasure team successfully closed Can fin home with stupendous weighted average CAGR of 102.1%.

Data Source: Ace Equity

This Chart Of The Day was published in The 5 Minute WrapUp - How This Megatrend Will Help Us Find the Next Multibagger

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