Buy LIC Housing Finance, target price Rs 790: Motilal Oswal

Motilal Oswal has buy call on LIC Housing Finance with a target price of Rs 790. The current market price of LIC Housing Finance is Rs 655.3.

LIC Housing Finance Ltd., incorporated in the year 1989, is a Large Cap company (having a market cap of Rs 35916.36 Crore) operating in NBFC sector.

LIC Housing Finance Ltd. key Products/Revenue Segments include Interest, Income From Financial Services, Fees & Commission Income and Miscellaneous Income for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 6948.61 Crore, up 2.12 % from last quarter Total Income of Rs 6804.19 Crore and up 8.04 % from last year same quarter Total Income of Rs 6431.23 Crore. Company reported net profit after tax of Rs 1082.06 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 45.24 per cent stake in the company as of 31-Mar-2024, while FIIs owned 22.59 per cent, DIIs 21.89 per cent.