Investment Pick - Trend Reversal On Charts

LIC Housing Fi is involved in the business activities of Activities of specialized institutions granting credit for house purchases that also take deposits.

The stock from a technical standpoint is comfortably placed above its key moving averages, around 13% and 29% from 50DMA and 200DMA. It has recently broken out of a base in its weekly chart and is trading around 4% from the pivot point (which is the ideal buying range for a stock).

The Company is Fundamentally very sound with a very healthy Balance Sheet . An annual revenue growth of 13% is good, Pre-tax margin of 17% is great, ROE of 13% is good.

Keep Accumulating for Targets as suggested on charts with a time frame of atleast 2 Years.

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