LIC Housing Finance Ltd. shares drop 3.15% as Sensex falls

Shares of Ltd. traded 3.15 per cent lower in Monday’s session at 01:48PM (IST). The stock opened at Rs 432.5 and has touched an intraday high and low of Rs 432.5 and Rs 412.0, respectively, during the session so far.

The stock quoted a 52-week high of Rs 487.5 and a 52-week low of 209.5. About 102,102 shares changed hands on the counter so far.

Benchmark Nifty50 was down 236.85 points at 14630.50, while the BSE Sensex traded 861.6 points lower at 49168.23 at the time of writing of this report.

In the Nifty pack, 10 stocks traded the day in the green, while 40 were in the red.

Key Financials

For the quarter ended 31-Dec-2020, the company reported consolidated sales of Rs 4926.65 crore, down 1.22 per cent from the previous quarter’s Rs 4987.64 crore and down 1.59 per cent from the year-ago quarter. The company reported net profit of Rs 722.87 crore for the latest quarter.


Promoter Holdings

Promoters held 40.31 per cent stake in the company as of 31-Dec-2020, while FIIs held 29.26 per cent and MFs 9.62 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 340.03 on April 05, while the 50-DMA was at Rs 432.28. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.

Source Link