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.
Its gross non-performing assets ratio declined to 4.33% at the end of September from 4.91% a year back. Net NPA ratio was at 2.59% against 2.83%. Provision coverage ratio fell to 41.22% from 43.65%.
Dividend stocks: Several stocks including Eicher Motors, CAMS, Hindalco, KPIT Tech, Varun Beverages, Bharat Electronics (BEL), J&K Bank, Coal India, IRCTC will trade ex-dividend next week. Watch this Visual Story to see the full list.