Manas Jaiswal of manasjaiswal.com told CNBC-TV18, "LIC Housing Finance has taken support near 250 day moving average (DMA) a few days back but for last three-four trading sessions it was facing some resistance near Rs 425. Today it has broken that resistance with very good volumes. So the stock can come up to around Rs 440 in next two-three trading sessions. One can buy it with a stoploss of Rs 420."
At 14:56 hrs LIC Housing Finance was quoting at Rs 429.00, up Rs 10.10, or 2.41 percent.
The share touched its 52-week high Rs 463.30 and 52-week low Rs 186.55 on 10 December, 2014 and 04 February, 2014, respectively.
Disclosure: Analyst has no personal holdings in the above stock but recommended it to his clients.
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