The list is long and mostly includes stocks in the B2 category of BSE. Take the case of Ind Bank Housing, which has been langusishing below par since mid-1996 and quoting below Rs 5 since March 1998. The infrequently traded scrip suddenly caught the fancy of investors after Yashwant Sinha unveiled his Budget proposals and galloped 240 per cent from Rs 2.50 to its current level ofRs 8.50. In mid-session trading on Monday, the stock crossed the Rs 10-level for the first time in two-and-a-half years. The discounting of 56 is certainly not warranted considering the falling profitability of the company and the woes of its parent.

The Peerless-group promoted Peerless Abasan Housing is another company with the `housing tag' which has been rising on the bourses. Even a first-half loss of Rs 3 lakh has not deterred punters from building up positions in the counter. The scrip has gained close to 140 per cent from Rs 2.5 to Rs 6 and has been accompanied by exceptional volumes of over a 10,000 shares per day.

The scrip has been below par since early 1996. Similar is the case with Gruh Finance. The stock has gained an impressive 105 per cent over the past three trading sessions from Rs 5.60 to Rs 11.55. The punters have clearly chosen to ignore the company's first-half loss of Rs 87 lakh.

Happy Home Profin, Manoj Housing Finance, Parth Housing, Vax Housing are all two-penny beneficiariesof the blind bull-run prompted by the Budget concessions to the housing sector. Most of these stocks have risen by over 100 per cent. For investors in the companies, this is a good time to exit at current levels. The rally is likely to end soon and it may be quite some time before they get another exit opportunity.