Brokerage firm Axis Securities has suggested three stocks- Coal India, LIC Housing Finance and Mazagon Dock Shipbuilders- as the markets staged a strong rebound recently.
LIC shares traded higher than the 5-day, 10-day and 20-day simple moving averages (SMAs) but lower than the 30-day, 50-, 100-, 150-day and 200-day SMAs.
LIC’s equity investment book has declined 6.9 per cent to Rs 13,73,900 crore in the March quarter from Rs 14,76,300 crore at 2024 end, after a 5.3 per cent fall over Rs 15,58,400 crore in Q3, Kotak said.
LIC stock: Emkay Global said LIC delivered a healthy margin profile in Q3FY25, despite implementation of the new surrender regulations and with VNB margin at 19.4 per cent led by increased Non-Par mix.
An analyst from Swastika Investmart said that Bharat Electronics is in long consolidation and also formed lower lows and lower highs in the last few trading sessions.
More than 150 companies hit their 52-week lows during Tuesday's trading session, including largecap names like MRF, Life LIC of India, Adani Wilmar and Asian Paints.
HDFC Bank: Religare Broking said the bank's credit-to-deposit (CD) ratio experienced significant deterioration after the merger with HDFC, reaching levels as high as 108.4 per cent. But, the trend has recently begun to reverse, it said.
Nomura has preference for Shriram Finance, Aadhar Housing and LIC Housing Finance among NBFCs. The FY25 and FY26 Bloomberg consensus EPS estimates have been cut across NBFCs, barring LIC Housing and Shriram Finance, it said.
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