LIC Housing Finance’s daily trend is bullish to sideways. The RSI for monthly, weekly and daily are showing bullish momentum. Based on option chain analysis, the range is between 600 and 650. Let’s plan a trade around this.
Net profit margin, which is a ratio of net profit to total revenue, improved to 18.1% from 10.52% over the same period. The gross non-performing assets ratio fell to 4.26% at the end of December from 4.76% a year back. Net NPA stood at 2.24% against 2.4%.
Indian benchmark indices end with declines amid bearish trends, led by selling pressure in IT, auto, and bank stocks. S&P BSE Sensex settles at 71,139.90, down 801.67 points or 1.11%. Nifty closes with declines of 215.50 points or 0.99% at 21,522.10. Analysts suggest that a significant decline below the important support level of 21,500 could initiate a market correction.
KFin Technologies formed healthy bullish candlestick pattern on the daily charts with above average volumes. The stock continued uptrend for yet another session and traded above all key moving averages.