Among smallcaps, Kaveri Seed was LIC ownership reducing by about half to 2.66% in Q3. In MOIL, LIC stake fell from 7.42% to 5.46% quarter-on-quarter, shows ACE Equity data.
GIC Housing Finance s net consolidated total income stood at Rs 270.19 crore in Q2 FY24, a dip of 3.81 per cent from Rs 280.89 crore it recorded in the similar quarter last year.
Despite a lower passenger load factor, IndiGo managed to maintain its market share in the quarter. PLF for IndiGo remained muted for the second consecutive month at 83.6%. But IndiGo being able to maintain domestic market share despite lower PLFs indicates better aircraft/pilot availability with it versus other airlines, brokerage ICICI Securities said.
Yoganand D
BL Research Bureau |
Updated on
February 17, 2021
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Investors with a short-term perspective can buy the stock of GIC Housing Finance at current levels. Since recording a 52-week low at ₹52.1 in March 2020, the stock has been on an intermediate-term uptrend.
Both medium as well as the short-term trends are up for the stock. After a corrective decline in early January this year, the stock found support at ₹113 in late January and bounced up. Since then, it has been in a short term uptrend. While trending up, the stock had breached its 21- and 50-day moving averages in the past week and trades well above them.