Why lic housing finance share price going down

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The National Stock Exchange has added Indiabulls Housing Finance as the third stock on its futures and options ban list for June 15 after the scrip crossed 95 percent of the market-wide position limit. RBL Bank and Delta Corp are already on the ban list. RBL Bank was at the top in the short-covering list on Tuesday, which was down just half a percent following nearly 23 percent slump in the previous session after R Subramaniakumar was appointed as the chief executive officer of the bank for three years after the exit of long-time CEO and Managing Director Vishwavi Ahuja nearly six months ago. Delta Corp shares rebounded by 2.2 percent June 14 after a correction of 20 percent consistently since May 30. Indiabulls Housing Finance , which fell 15 percent in last four consecutive … [Read more...] about NSE adds Indiabulls Housing Finance as third stock to F&O ban list for Wednesday

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Sharekhan's research report on Housing Development Finance Corporation With its theme of ‘actionable intelligence’ in its annual report, HDFC has been adapting to newer and faster ways of communicating with stakeholders through digital interface, changing with the landscape to remain competitive and be future-ready. Currently, the company receives 91% of home applications through digital channels. The management believes that India’s housing loan market would double to ~$600 billion in the next five years with estimated mortgage penetration of 13% of GDP which would still be lower as compared to emerging economies. It believes that the optimum path to scale up housing finance is to be housed within a banking structure. The resources pool for lending will be significantly larger and at lower … [Read more...] about Buy Housing Development Finance Corporation; target of Rs 3025: Sharekhan

Share to Twitter Share to Linkedin Topline President Joe Biden proposed Wednesday a federal gas tax holiday, as gas prices hover around record highs nationally, in a move that would instantly provide some relief to consumers—though some warn may not be the cure-all Biden seeks. Key Facts Biden called on Congress to pass a three-month federal gas tax holiday, which would suspend federal taxes on gas during the period. This would make gas 18 cents cheaper per gallon and diesel 24 cents cheaper. The proposal actually comes as prices are slightly decreasing: the national average price per gallon of gas is $4.955 Wednesday, according to the American Automobile Association, a slight drop from its peak of $5.016 last Tuesday but still a sharp increase from a year ago, when it was $3.069 average per gallon. Despite the holiday likely providing some quick relief at the pump, it may contribute to further inflation by providing an indirect … [Read more...] about What Is A Federal Gas Tax Holiday? Here’s How It Could Impact Prices At The Pump.

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The market was off to a quiet start on June 20 after the hammering of the previous week but resumed the downtrend immediately, with the Nifty sliding towards the low of 15,200. Positive global cues lifted sentiment the next day and the market had a decent relief rally in which it retested 15,700. Some tremors were felt mid-week but the Nifty held on to key support levels. A good broad-based participation saw the Nifty at around 15,700. The index is back at 15,700, the recent breakdown point, hence, the market has entered a corridor of uncertainty. Till the time Nifty does not go past its major hurdle of 15,900–16,000 on a closing basis, one should avoid aggressive bets on the long side. It will be interesting to see how the market behaves in the first half of the week. If global relief … [Read more...] about Hot Stocks | Here is why you should bet on Coforge, Shriram Transport Finance in short term

Share to Twitter Share to Linkedin One of store-based retail's last bastions, Primark, is to trial a click-and-collect service in the U.K. in its first significant move into online shopping. Yet the move by the fast fashion giant comes with plenty of caveats. The retailer said that it will launch the trial at 25 stores in the north-west of England by the end of the year, but added that the pilot would only include children’s apparel and accessories. Primark-owner ABF said as part of a trading update Monday: “We have chosen a much-expanded range of children’s products for this trial, which we believe has the potential to satisfy unfulfilled demand, driving footfall from both existing and new customers to deliver incremental sales in store.” Customers will be able to order from about 2,000 items online, representing around 40% of the range, including nursery furniture, apparel and licensed products. This move reflects the company’s aim to attract … [Read more...] about Primark Trials Online Sales At Last But Warns Of Price Hikes

(Image Courtesy: Oppo) Oppo K10 5G smartphone has been launched in India. The phone has a 6.56-inch display, and houses MediaTek's Dimensity 810 SoC, which has support for 5G networks. Oppo K10 5G Pricing and Offers The Oppo K10 5G only has a single variant, with 8GB of RAM and 128GB of internal storage. It has been priced at Rs 17,499 and will go on sale, starting June 15 at 12 noon, on Flipkart, Oppo Online Store, and authorized retailers offline. Customers will be able to pick between two colors - Black and Blue - and people who buy the phone online, can opt for a No Cost EMI for up to 3 months. If you use SBI, Axis Bank,  Bank of Baroda, or Kotak Mahindra Bank debit or credit cards, you can get a flat discount of Rs 1,500. Also Read: OPPO Reno 8 Lite 5G launched with Snapdragon 695 SoC, AMOLED display: All you need to know Close Oppo K10 5G Specifications The smartphone houses MediaTek's Dimensity 810 SoC, that has been paired with 8GB of RAM, … [Read more...] about Oppo K10 5G with MediaTek Dimensity 810 SoC launched in India; check price, specs, sale date

"A good Rabi crop harvest is now critical for rural demand revival and, in turn, improvement in pricing power of different industries,"  Ashutosh Tiwari, Managing Director-Equities,  Equirus, said in an interview with Moneycontrol. After a significant rise in commodity prices, he feels margins are likely to remain under pressure due to commodity inflation as well as an increase in freight costs due to the rise in diesel prices, and believes that price increases by corporates will be gradual. Hence, margin normalisation will take 2-3 quarters if commodity prices stabilise, says Tiwari, who has more than a decade of experience in equity research. Edited excerpts: Do you think the Fed action going ahead will be a bigger cue than the Ukraine-Russia war now, for the equity market? The Ukraine-Russia war seems to be priced in by the market. Fed rates are likely to go up to the level of 2-2.25 percent over the next one year, driven by inflation. If there is a further increase in … [Read more...] about Daily Voice | Margin normalisation will take 2-3 quarters if commodity prices stabilise: Ashutosh Tiwari of Equirus

Share to Twitter Share to Linkedin Topline Energy stocks once again outperformed the rest of the market as oil and gas prices remain elevated due to inflation; despite ongoing risks to tight global supply such as Russia’s invasion of Ukraine, some experts are now predicting that prices will decline by next year. Key Facts Energy prices have been surging in recent months: Demand remains high but supply has been tight ever since the West imposed sanctions on Russian oil after the country’s invasion of Ukraine in late February. Despite their first weekly loss in over a month last Friday, oil prices jumped again on Tuesday: The price of U.S. benchmark West Texas Intermediate sits at nearly $111 per barrel, while international benchmark Brent crude trades at more than $114 per barrel. Major energy companies were among the best-performing stocks on Tuesday as the market rebounded from its worst week since March 2020, with the Dow gaining over … [Read more...] about Energy Stocks Jump As Oil Surges Again—Prices Will Remain Elevated Through Summer

Share to Twitter Share to Linkedin Topline With oil prices down this month, billionaire investor Warren Buffett is once again buying the dip by adding to one of his favorite energy stocks, as his investing conglomerate Berkshire Hathaway purchased roughly $500 million worth of Occidental Petroleum shares this week. Key Facts Buffett’s Berkshire Hathaway purchased roughly 9.5 million shares of Occidental over the past week at a cost of nearly $530 million, according to a new regulatory filing late on Wednesday. After a buying spree that started in late February, Buffett’s investing conglomerate now owns roughly 152 million shares of Occidental—a 16.3% stake worth nearly $8.5 billion that makes Berkshire by far and away the largest shareholder in the energy giant. Shares of Occidental Petroleum failed to rally on the news Thursday, but it remains one of the best-performing stocks this year, rising over 90% thanks to the massive spike in oil … [Read more...] about Warren Buffett Adds To Massive Stake In Occidental Petroleum, Buying The Dip After Oil Prices Drop

Brent crude futures slipped 3 cents to $113.09 a barrel by 0515 GMT, after rising as much as 1 percent earlier. Front-month prices tumbled 7.3 percent last week, their first weekly fall in five (Representative image) After shooting to near $123 per barrel last week amid various global factors, crude oil prices slid by as much as 6 percent or $11 to $112 per barrel on June 17. This was a sudden reversal from the steep climb in the wake of Russia’s invasion of Ukraine, global travel opening up, and services reviving. Speaking to CNBC-TV18 on June 20, Vandana Hari, founder and CEO of Vanda Insights, said the correction was mainly due to two factors — Libya’s oil production being confirmed at 700,000 barrels per day (bpd) instead of the earlier expected 100,000 bpd; and tumble in United States markets due to sell-off in broader risk assets. “What happened on Friday (June 17) was quite late in the US session and quite a surprise,” Hari said. Follow our Market LIVE blog … [Read more...] about Crude oil sell-off a bit overdone as prices could be ticking back up soon, says Vandana Hari of Vanda Insights