Adani Enterp. 2475.60↓-158.10(-6.00%)
Adani Ports 718.25↓-15.80(-2.15%)
Apollo Hospitals 4536.45↓-13.95(-0.31%)
Asian Paints 3101.50↓-19.10(-0.61%)
Axis Bank 917.70↑1.55(0.17%)
B P C L 363.30↓-3.30(-0.90%)
Bajaj Auto 4517.60↑19.50(0.43%)
Bajaj Finance 6785.95↑5.40(0.08%)
Bajaj Finserv 1426.45↓-10.80(-0.75%)
Bharti Airtel 801.40↑1.45(0.18%)
Britannia Inds. 4519.80↓-1.85(-0.04%)
Cipla 938.00↑7.60(0.82%)
Coal India 241.00↑1.70(0.71%)
Divi's Lab. 3383.15↓-2.65(-0.08%)
Dr Reddy's Labs 4519.25↑58.70(1.32%)
Eicher Motors 3610.90↑9.30(0.26%)
Grasim Inds 1700.35↑2.40(0.14%)
H D F C 2671.75↓-34.10(-1.26%)
HCL Technologies 1111.95↑4.60(0.42%)
HDFC Bank 1615.80↓-21.40(-1.31%)
HDFC Life Insur. 566.00↑3.30(0.59%)
Hero Motocorp 2738.70↑28.25(1.04%)
Hind. Unilever 2614.95↓-13.35(-0.51%)
Hindalco Inds. 406.90↓-3.40(-0.83%)
ICICI Bank 940.65↓-12.75(-1.34%)
IndusInd Bank 1271.75↑11.55(0.92%)
Infosys 1298.65↓-1.40(-0.11%)
ITC 433.50↑4.35(1.01%)
JSW Steel 696.00↓-8.10(-1.15%)
Kotak Mah. Bank 1910.35↓-11.15(-0.58%)
Larsen & Toubro 2185.15↓-12.50(-0.57%)
M & M 1275.70↑7.15(0.56%)
Maruti Suzuki 9270.75↑70.05(0.76%)
Nestle India 21380.60↓-23.10(-0.11%)
NTPC 174.95↑0.80(0.46%)
O N G C 166.25↑1.25(0.76%)
Power Grid Corpn 235.80↑1.70(0.73%)
Reliance Industr 2440.25↓-14.30(-0.58%)
SBI Life Insuran 1175.35↑9.75(0.84%)
St Bk of India 582.70↑1.10(0.19%)
Sun Pharma.Inds. 952.15↑20.55(2.21%)
Tata Consumer 771.15↑1.10(0.14%)
Tata Motors 520.20↓-8.30(-1.57%)
Tata Steel 105.20↓-0.40(-0.38%)
TCS 3303.35↑6.30(0.19%)
Tech Mahindra 1098.75↑8.25(0.76%)
Titan Company 2707.25↑23.80(0.89%)
UltraTech Cem. 7653.80↓-0.45(-0.01%)
UPL 682.25↑1.60(0.24%)
Wipro 399.70↑2.05(0.52%)

LIC Housing Finance, HDFC: Trading strategies for housing finance companies

Barring PNB Housing Finance, other housing finance stocks indicate weakness, with selling pressure to mount further if crucial levels are breached.

Avdhut Bagkar Mumbai

Investors’ appetite for risk assets has taken a hit as bond yields have hardened globally following the US Federal Reserve’s decision to aggressively tighten monetary policy

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Housing finance stocks look weak on charts

4 min read Last Updated : Feb 23 2023 | 12:06 PM IST

Shares of housing finance companies will be in the spotlight after a mutual fund hiked stake in one of the largest housing finance provider. ICICI Prudential Mutual Fund raised its stake in LIC Housing Finance Company, a subsidiary of LIC, to 7.07 per cent by acquiring additional 2.03 per cent shares from the open market.

While shares of LIC Housing Finance have been a laggard in the current month, dwindling over 12 per cent, technically a move above Rs 430 may significantly bring a shift in the present trend.

So far this month, barring PNB Housing Finance, other finance providers such as Indiabulls Housing Finance, Housing Development Finance Corporation, Can Fin Homes and Repco Home Finance have not done well. Only PNB Housing Finance shares gained 5 per cent, while others trade with negative returns.