Hathway Cable, LIC Housing stocks slip post block deal

LIC Housing Finance dropped 1% after ~16.8 lakh shares of the company changed hands in a block deal on the NSE.

Feb 11, 2019 06:02 IST India Infoline News Service

Shares of Hathway Cable were trading 0.57% lower on the NSE after ~14 lakh shares of the company changed hands in a block deal. LIC Housing Finance also dropped 1% after ~16.8 lakh shares of the company changed hands in a block deal on the NSE.

Hathway Cable & Datacom’s net profit in Q3FY19 declined 73% to Rs6.4cr as against Rs23.87cr during the previous quarter ended December 2017.

Hathway Cable & Datacom Ltd share price is currently at Rs32, down Rs0.1, or 0.31%, from its previous close of Rs32.10 on the BSE. The scrip opened at Rs32.20 and has touched a high and low of Rs32.20 and Rs31.75, respectively.

LIC Housing Finance's NII grew 41.4% yoy to Rs1,042cr against Rs737cr in Q3FY18. The housing finance company’s standalone net profit was in-line with estimates, which increased 25.5% yoy to Rs596.3cr against Rs475cr.

LIC Housing Finance Ltd share price is currently at Rs454.05, down Rs1.95, or 0.43%, from its previous close of Rs456 on the BSE. The scrip opened at Rs451 and has touched a high and low of Rs462.50 and Rs451, respectively.

Related Story