Housing finance sector would be “the next market leader”.

Vijay Kedia’s sixth sense alerts him that Budget would confer bonanza for HFCs

It is long believed that ace stock pickers have a sixth sense that alerts them to buy stocks when they are on the verge of a tipping point.
We can see a live example of this in the case of Vijay Kedia.
On 30th January, Vijay Kedia suddenly surfaced from the blue to declare that the housing finance sector would be “the next market leader”.

Just two days later, Arun Jaitley, the Finance Minister, declared in the Budget that affordable housing would be conferred the exalted status of “infrastructure” which entitles it to receive several incentives and concessions.
Understandably, real estate stocks and housing finance stocks have taken off like rockets since then and conferred heavy gains on their shareholders.
Vijay Kedia’a fans are obviously thrilled at the fantastic state of affairs.

“I love LIC Housing Finance”: Vijay Kedia

“I have loved LIC for long,” Vijay Kedia candidly admitted when Nikunj Dalmia grilled him about his favourite stocks.
“I am very bullish on the housing sector …. among housing finance companies, LIC is cheaper than its peers …. It may not be a multi bagger but I think that it should give me a 20-25 per cent return every year,” he added with his characteristic wide smile.

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