Barring PNB Housing Finance, other housing finance stocks indicate weakness, with selling pressure to mount further if crucial levels are breached.
'Good sustenance in home buying', says mortgage lender in statement
The uptick in operating income reflects robustness in the home loan portfolio and hike in lending rates
Shares of LIC Housing Finance today slipped below the 200-WMA after falling over 10 per cent. Now, four out of five leading housing finance stocks are trading below the 200-WMA.
LIC Housing Finance's net interest income (NII) declined by 0.8 per cent to Rs 1,163 crore in the reporting quarter from Rs 1,173 crore a year ago.
Net interest income and margin both decline; disbursements up 4% to Rs 16,786 crore