Buy LIC Housing Finance, target price Rs 670: Prabhudas Lilladher

Prabhudas Lilladher has buy call on LIC Housing Finance with a target price of Rs 670. The current market price of LIC Housing Finance Ltd. is Rs 528.4.

LIC Housing Finance Ltd., incorporated in the year 1989, is a Large Cap company (having a market cap of Rs 28999.32 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 30-09-2023, the company reported a Consolidated Total Income of Rs 6765.87 Crore, up .10 % from last quarter Total Income of Rs 6759.13 Crore and up 32.63 % from last year same quarter Total Income of Rs 5101.40 Crore. Company reported net profit after tax of Rs 1191.86 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 45.24 per cent stake in the company as of 30-Sep-2023, while FIIs owned 21.21 per cent, DIIs 21.39 per cent.