Why lic housing finance stock has fallen from 900 to 470, any reason for that?

Lic housing stock view

The Private sector banks and many others are cutting their lending rates to become competitive in giving out retail loans. These rates became equal or even surpassed the NBFCs in giving out loans to the retail customers . PSU banks are now being rewarded by capital infusion, and making mega public banks by joining multiple PSUs into one, depending upon their performance in relation to their reduction in NPAs .Not only this, but the PSU banks are reducing their exposure to the corporate sector and focusing more on common man. Lic housing did touch 794 in June 2017 ,its life time high.