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    Share price of LIC Housing rises as Nifty strengthens

    Synopsis

    A total of 42,288 shares changed hands on the counter till 01:01PM (IST).

    PTI
    Sensex slipped 73 points, or 0.2 per cent, while Nifty added 2 points last week.

    INSIGHTS

    Read Stock Insights by ET for a quick analysis

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    Shares of Finance Ltd. gained 0.18 per cent to Rs 413.4 in Thursday's trade as of 01:01PM (IST). The stock hit a high price of Rs 415.9 and low of Rs 410.45 during the session.

    The return on equity (ROE) for the stock stood at 13.15 per cent. Traded volume on the counter stood at 01:01PM shares and turnover at Rs 1.74 crore around that time. The stock of LIC Housing Finance Ltd. quoted a 52-week high price of Rs 487.5 and 52-week low prices of Rs 219.35, respectively.

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

    Promotor/FII Holding
    Promoters held 40.31 per cent stake in the company as of 31-Mar-2021, while foreign investors held 28.2 per cent and domestic institutional investors had 9.27 per cent.

    Key Financials
    The company reported consolidated sales of Rs 4926.65 crore for the quarter ended 31-Dec-2020, down 1.22 per cent from previous quarter's Rs 4987.64 crore and down 1.59 per cent from the year-ago quarter's Rs 5006.12 crore. Net profit after tax for the latest quarter stood at Rs 722.87 crore, up 20.03 per cent from the same quarter a year ago.

    Technicals
    The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.
    It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
    (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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