Buy LIC Housing Finance, target price Rs 480: Yes Securities

Yes Securities has buy call on LIC Housing Finance with a target price of Rs 480. The current market price of LIC Housing Finance is Rs 443.5.

Time period given by analyst is Intra Day when LIC Housing Finance Ltd. price can reach defined target.

LIC Housing Finance Ltd., incorporated in the year 1989, is a Large Cap company (having a market cap of Rs 22389.37 Crore) operating in NBFC sector.


LIC Housing Finance Ltd. key Products/Revenue Segments include Interest, Fees & Commission Income and Income From Financial Services for the year ending 31-Mar-2021.

Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 4867.22 Crore, down -2.26 % from last quarter Total Income of Rs 4979.91 Crore and down -2.38 % from last year same quarter Total Income of Rs 4986.01 Crore. Company reported net profit after tax of Rs 151.07 Crore in latest quarter.

Investment Rationale
Forming a series of ascending tops and bottoms,the stock is gradually trending up since the past few months. Sustenance above short-term averages is likely to keep the near term outlook positive.

Promoter/FII Holdings
Promoters held 40.3 per cent stake in the company as of June 30, 2021, while FIIs held 28.8 per cent, DIIs 15.6 per cent and public and others 15.3 per cent.