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    LIC Housing Finance Ltd. stock price up 0.12 per cent as Sensex slides

    Synopsis

    As of 31-Dec-2020, promoters held 40.31 per cent stake in the company, while FIIs held 29.26 per cent and domestic institutional investors had 9.62 per cent.

    Getty Images
    As long as Nifty does not close above 11,720, it can slip towards 11,600.

    INSIGHTS

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    Shares of Ltd. rose 0.12 per cent to Rs 417.05 at 11:18AM hours (IST) on Monday. Earlier in the day, the stock saw a start to the session.

    As per data available on BSE, total traded quantity on the counter stood at 93,725 shares with a turnover of Rs 3.91 crore till 11:18AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 7.56, while the price-to-book value ratio stood at 0.65.

    Return on equity (ROE) was at 13.15 per cent, according to exchange data. The stock hit an intraday high of Rs 420.65 and a low of Rs 413.15 during the session and quoted a 52-week high price of Rs 487.5 and a 52-week low of Rs 186.0.

    The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.33.

    Technical Indicators

    The 200-DMA (day moving average) of the stock stood at Rs 334.26 on March 22, while the 50-DMA was at Rs 434.14. 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 below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

    The Relative Strength Index (RSI) of the stood at 44.38. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

    Promoter holding

    As of 31-Dec-2020, promoters held 40.31 per cent stake in the company, while FIIs held 29.26 per cent and domestic institutional investors had 9.62 per cent.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

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