Buy LIC Housing Finance, target price Rs 475: Yes Securities

Yes Securities has buy call on LIC Housing Finance with a target price of Rs 475. The current market price of LIC Housing Finance is Rs 421.95.

LIC Housing Finance Ltd., incorporated in the year 1989, is a Large Cap company (having a market cap of Rs 23212.66 Crore) operating in NBFC sector.

LIC Housing Finance Ltd. key Products/Revenue Segments include Interest, Income From Financial Services and Fees & Commission Income for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 5302.50 Crore, down -.64 % from last quarter Total Income of Rs 5336.48 Crore and up 8.94 % from last year same quarter Total Income of Rs 4867.22 Crore. Company reported net profit after tax of Rs 926.89 Crore in latest quarter.


Investment Rationale
Attempting a triangle break. Move above Rs 426 would confirm resumption of prevailing uptrend.

Promoter/FII Holdings
Promoters held 45.24 per cent stake in the company as of 30-Jun-2022, while FIIs owned 20.67 per cent, DIIs 19.21 per cent.