The previous post was written more than 5 years ago after the company's stock suffered a big sell-off following reports that top officials were involved in a majorbribe-for-loan scam.
Several officials alleged to be involved in the scam, including the CEO and a number of PSU bank executives, were arrested. CBI conducted raids in six cities to uncover incriminating documents.
Time is a great healer and public memory is short. One look at the 2 years daily closing chart of LIC Housing Finance will prove the veracity of the two proverbs.
-- Several officials alleged to be involved in the scam, including the CEO and a number of PSU bank executives, were arrested. CBI conducted raids in six cities to uncover incriminating documents.
Time is a great healer and public memory is short. One look at the 2 years daily closing chart of LIC Housing Finance will prove the veracity of the two proverbs.
Read more at:
http://investmentsfordummieslikeme.blogspot.in/2016/02/stock-chart-pattern-lic-housing-finance.html
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