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Four out of the five leaders in housing finance segment now trade under the 200-WMA
With the exception of LIC Housing Finance and Housing Development Finance Corporation, other listed players in the housing finance segment such as PNB Housing Finance, Indiabulls Housing Finance and Can Fin Homes traded beneath the 200-weekly moving average (WMA) as of Tuesday, November 01, 2022.
On Wedesday, LIC Housing Finance shares too slipped below the 200-WMA, after the stock hit the 10% lower circuit on reporting disappointing earnings for Q2FY23. Further, the regulatory body RBI too levied a Rs 5 lakh penalty on the company for the non-compliance of provisions issued by National Housing Bank (NHB). READ MORE
PNB Housing Finance, Indiabulls Housing Finance, and Can Fin Homes were down between 0.5 - 2 per cent in the
First Published: Nov 02 2022 | 12:46 PM IST