Latest news with #LICHousingFinance
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Business Standard
2 days ago
- Business
- Business Standard
F&O Strategy: Analyst suggests Bear Spread for Hindustan Aeronautics stock
F&O strategy: Short-term trend of the Hindustan Aeronautics turned weak, while it is positive for LIC Housing Finance Nandish Shah Mumbai Derivative Strategy Bear Spread Strategy on Hindustan Aeronautics Buy HAL (31-July Expiry) 4,800 Put at ₹112 and simultaneously sell 4,600 Put at ₹38 Lot Size: 150 Cost of the strategy: ₹74 (₹11,100 per strategy) Maximum profit Rs 18900 If HAL closes at or below 4600 on 31 July expiry. Breakeven Point: ₹4,726 Risk Reward Ratio: 1:1.70 Approx margin required: ₹25,000 Rationale: Short build up is seen in the HAL Futures where OI rose by 6 per cent with price falling by 2 per cent. Short term trend turned weak as it is placed below its 5, 11 and 20 day EMA Stock price has broken down on the daily chart with higher volumes. Momenutm Indicators and Oscillators are showing weakness in the stock. Bull Spread Strategy on LIC Housing Finance Buy LIC HOUSING (31-July Expiry) 640 Call at ₹12.3 and simultaneously sell 660 Call at ₹5.3 Lot Size: 1,000 Cost of strategy: ₹7 (₹7,000 per strategy) Maximum profit: ₹13,000 if LIC HOUSING closes at or above ₹660 on 31 July expiry. Breakeven Point: ₹647 Risk Reward Ratio: 1:1.86 Approx margin required: ₹33,500 Rationale: Long build up is seen in the LIC Housing Futures during the July series till now, where we have seen 9 per cent rise in open interest with price rising by 2.60 per cent. Short term trend remains positive, as the stock price is placed above its 5,11 and 20 day EMA. Primary trend is positive as the stock price is placed above its 100 and 200 day EMA. Oscillators like RSI and MFI are in rising mode and placed above 60 on the daily chart, indicating strength in the current uptrend.
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Business Standard
3 days ago
- Business
- Business Standard
Stocks to buy today, July 17: Tata Power, ITC among analyst top picks
Market View Markets traded in a narrow range and ended almost unchanged due to the absence of any fresh triggers. After an initial downtick, the Nifty index slipped further but later recovered, supported by select heavyweight stocks across sectors, which helped pare all the losses. As a result, the Nifty once again tested the resistance around the 25,250 level and eventually settled at 25,212. Meanwhile, sectoral performance remained mixed, keeping volatility elevated. IT, realty, and auto emerged as the top gainers, while metal and pharma ended in the red. The broader indices also paused after a two-day rally and closed flat. Mixed global cues and a lackluster start to the earnings season are keeping participants uncertain about the next directional move. We believe a decisive close above the 20-day EMA, around 25,250, could open the door for further recovery. Otherwise, profit-taking may resume, with key support in the 24,900–25,000 zone. Traders should maintain a cautious stance and focus on stock selection based on relative strength and earnings outcomes. Stocks Recommendations Tata Power Company | LTP: ₹414.70 | Buy | Target: ₹442 | Stop-loss: ₹400 Selective stocks from the power sector are witnessing noticeable buying interest after a phase of consolidation, and Tata Power stands out as a top performer. The stock has been rising steadily since ending its corrective phase in April and recently broke out from a buying pivot while maintaining support above the short-term moving average (20 DEMA), indicating momentum aligned with the ongoing trend. Traders can consider initiating long positions at the mentioned levels. LIC Housing Finance | LTP: ₹637.05 | Buy | Target: ₹680 | Stop-loss: ₹615 LIC Housing Finance has broken out of a three-month base formation, holding firmly above the moving average ribbon comprising the 20, 100, and 200 DEMA. The breakout, accompanied by a surge in volumes, further reinforces the positive bias. Additionally, the recent outperformance of the BFSI sector supports the potential for a sustained uptrend following a period of relative underperformance. Following a prolonged phase of underperformance, the FMCG sector is now regaining traction. Among the key names, ITC is showing a gradual recovery after retesting the support zone of its long-term moving average (200 DEMA). Its recent relative outperformance also makes it a strong candidate to play the sector's rebound. Traders may look for fresh buying opportunities at the suggested levels.
Economic Times
5 days ago
- Business
- Economic Times
Stocks to buy or sell today: Biocon, Voltas among 7 trading ideas for 15 July 2025
Indian market is expected to consolidate, mirroring mixed global signals. Nifty futures closed negatively, while India VIX saw an increase. Indian market is expected to consolidate, mirroring mixed global signals, with Nifty futures closing negatively. Option data indicates a trading range between 24,600 and 25,600. Experts recommend buying Biocon, LIC Housing Finance, Marico, Prestige Estates, Ambuja Cements, and Voltas, while suggesting selling Tata Motors for short-term gains. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads We have collated stocks from various experts for traders who have a short-term trading horizon: Expert: Ajit Mishra – SVP, Research, Religare Broking Ltd told ETBureau Expert: Sharan Lillaney, Independent SEBI Research Analyst Tired of too many ads? Remove Ads The Indian market is likely to consolidate on Tuesday, tracking mixed global Nifty future closed negatively with losses of 0.20% at 25,173 levels on Monday. India VIX was up 1.3% to close at 11.98 in the previous the options front, the maximum Call OI is at 25,500 and then at 25,300 strikes, while the maximum Put OI is at 25,000 and then at 25,100 writing is seen at 25,100 and then at 25,200 strikes, while Put writing is seen at 25,100 and then at 25,000 strikes.'Options data suggests a broader trading range in between 24,600 to 25,600 zones while an immediate range between 24,800 to 25,300 levels,' Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited , said.'Nifty formed a bearish candle on the daily frame on Monday and has begun to slope downward as its making lower top - lower bottom structure indicating some selling pressure is intact at bounce,' he added.'Now till the Nifty index holds below 25,150 zones, weakness could be seen towards 25,000 then 24,800 zones while hurdles are shifting lower at 25,222 then 25,350 zones,' recommended Target Rs 398| Stop Loss Rs 368Buy| Target Rs 628| Stop Loss Rs 694Buy| Target Rs 755| Stop Loss Rs 714Sell| Target Rs 642| Stop Loss Rs 692Buy| Target Rs 1776| Stop Loss Rs 1676Buy| Target Rs 605| Stop Loss Rs 575Buy| Target Rs 1401| Stop Loss Rs 1351
Time of India
24-06-2025
- Business
- Time of India
Lowest home loan EMI: These non-bank companies offer home loan interest rates starting at just 8%
The RBI since the beginning of 2025 has reduced the repo rate by 100 basis points, leading to a decrease in interest rates on home loans. Tired of too many ads? Remove Ads What are Housing Finance Companies (HFCs)? Lowest home loan interest rates Name of Lender Loan Amount (Rs) Upto 30 Lakh Above 30 Lakh & Upto 75 Lakh Above 75 Lakh Non-bank companies home loan interest rates LIC Housing Finance 8.00 onwards 8.00 onwards 8.00 onwards Bajaj Housing Finance 7.99 onwards 7.99 onwards 7.99 onwards Tata Capital 8.75 onwards 8.75 onwards 8.75 onwards PNB Housing Finance 8.25-14.50 8.25-14.50 8.25-11.35 GIC Housing Finance 8.80 onwards 8.80 onwards 8.80 onwards SMFG India Home Finance 10.00 onwards 10.00 onwards 10.00 onwards Sammaan Capital (Formerly Indiabulls Housing Finance) 8.75 onwards 8.75 onwards 8.75 onwards Aditya Birla Capital 8.50 onwards 8.50 onwards 8.50 onwards ICICI Home Finance 8.80 onwards 8.80 onwards 8.80 onwards Godrej Housing Finance 8.55 onwards 8.55 onwards 8.55 onwards *Extra interest rate concession of 0.05% to borrowers opting for insurance policy and extra 0.10% on green home projects. **Additional concession of 0.05% & 0.10% for women borrowers & takeover loans, respectively. Rates as of 18th June 2025 Source: Tired of too many ads? Remove Ads Documents required to apply for home loan PAN Card Aadhar card Proof of Residence For NRIs: You'll also need to provide your passport For salaried applicants: Provide your salary slips and Form No. 16. For all applicants: Submit your bank statements for the last 6 to 12 months. For self-employed or professionals: Include your income tax returns for the last 3 years along with your financial statements. Proof of Ownership: Documents showing that you own the property. For Flats: An allotment letter from the builder or society. Tax Receipt An up-to-date tax paid receipt for the property. Tired of too many ads? Remove Ads Since the beginning of 2025, the Reserve Bank of India (RBI) has cut the repo rate by 1% (100 basis points), bringing cheer to home loan borrowers as the reduction has led to lower interest rates. Historically, banks have been the go-to option for housing loans, thanks to their strong reputation and established presence in the financial sector. However, in recent years, housing finance companies (HFCs) have emerged as notable competitors, demonstrating adaptability and reliability in lending practices. Individuals who are self-employed or have non-traditional income sources may find it difficult to meet the stringent requirements of banks. As a result, they are often attracted to HFCs, which typically offer more flexible eligibility criteria compared to traditional to Kotak Mahindra Bank's website, 'HFCs primary focus is providing housing loans or financing through various direct or indirect means. While they were initially regulated by the National Housing Bank (NHB), the responsibility of handling HFCs was transferred to the Reserve Bank of India (RBI) in 2019. However, certain regulatory powers remain with the read: Home loan EMIs continue to fall: 7 banks cut home loan interest rates after RBI repo rate cut in June Currently, housing finance companies in the country offer interest rates between 7.99% and 10% on home loans. These rates depend on factors such as the lender, credit score, and loan amount, among are some basic documents to keep handy before applying for home loans, according to LIC Housing Finance 's documentsIncome DocumentsProperty documentsImportant FAQs from PNB Housing every home loan borrower should know:On the annual reducing balance method, you will continue to pay interest on amounts you repay during the coming one year as the interest for the year is determined on the basis of the balance outstanding at the beginning of the the case of the daily reducing balance, which is the methodology we employ, your interest is calculated only on the outstanding loan amount, which reduces every time you pay off your EMIs or make any prepayments. This, in essence, lowers your effective rate of interest you choose the house that you want to buy, we give you an in-principle approval based on your income and repayment makes the entire process of identifying and buying a house easier and more flexible. You won't be under pressure to identify a house, as you know how much funds the bank would make available to in-principle approval is valid for 6 months, giving you sufficient time to choose a flat/house of your construction/additions of house/flat/purchase of ready built house/ flat: The loan, along with interest, is to be repaid in equated monthly instalments (EMIs) within a period of 30 years inclusive of the moratorium carrying out repairs/renovation/alterations to the house/flat: The loan, along with interest, is to be repaid in equated monthly instalments within a period of 15 years, inclusive of the moratorium period, if any
Hans India
23-06-2025
- Business
- Hans India
LIC home loan at 7.50%: Know how much your EMI will drop
In a move that brings relief to homebuyers, LIC Housing Finance has slashed its home loan interest rate by 0.50%, bringing the new starting rate down to 7.50% per annum. This follows the Reserve Bank of India's recent repo rate cut from 6.00% to 5.50%, which has prompted several major banks including SBI, Union Bank, and Punjab National Bank to reduce their lending rates as well. Who Benefits? New Borrowers: If you're planning to take a new home loan, you'll now pay less interest. For instance, SBI's earlier starting rate of 8% may now come down to around 7.50%, translating to lower EMIs. Existing Borrowers (Floating Rate): If your loan is linked to the Repo Linked Lending Rate (RLLR), your EMI will automatically reduce during your loan's next reset cycle. Alternatively, your loan tenure might shorten. Fixed Rate Loan Holders: You won't see immediate changes. But you can switch from fixed to floating rates by paying a nominal fee, which may be cost-effective if you're in the early years of repayment. How RLLR Works RLLR is calculated by adding a margin to the repo rate. Example: Repo Rate: 5.50% Bank Margin: 2.65% RLLR = 8.15% Your final loan rate may also include a credit risk premium based on your credit profile. Common Questions Answered Q1: Will existing borrowers benefit? Yes, floating rate loans reset periodically based on the repo rate, as mandated by RBI. However, new borrowers may not receive the full benefit if banks increase their margins. Q2: Can I switch from a fixed rate to floating? Yes, you can switch to RLLR-based loans by paying a small fee. This can lead to long-term savings, especially if you're early in your loan tenure. RBI Has Slashed Rates 3 Times This Year This marks the third repo rate cut in 2025, totaling a 1% reduction: Feb: From 6.5% to 6.25% Apr: Another 0.25% cut Now: 0.50% cut to bring it to 5.50% Home Loan Tips to Keep in Mind Check for Prepayment Penalties: Some banks charge fees if you repay your loan early. Always clarify this before signing. Monitor Your CIBIL Score: A score of 700+ is considered good and can help you get better rates. Compare Bank Offers: Don't rush. Banks often run limited-time offers, so comparing across lenders can save you thousands.
