What to watch. IB Housing Finance in strong rally

With housing finance stocks in the limelight over the past four trading sessions, the stock of Indiabulls Housing Finance jumped almost 7 per cent accompanied with above-average volume on Wednesday to close at ₹997.5 on the BSE. Intra-day the stock breached the upper circuit level of ₹1,026.4. The stock hit its 52-week low at ₹752 on September 21. Since then, it jumped over 30 per cent in a short span of time. Now it is testing a key resistance at ₹1,000.