Buy LIC Housing Finance, target Rs 575: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on LIC Housing Finance Ltd. with a target price of Rs 575. The current market price of LIC Housing Finance Ltd. is Rs 558.65. Time period given by the analyst is Intra Day when LIC Housing Finance Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 545. LIC Housing Finance Ltd., incorporated in 1989, has a market cap of Rs 28099.64 crore.

LIC Housing Finance Ltd. key Products/Revenue Segments include Interest which contributed Rs 14825.96 Crore to Sales Value (99.10 % of Total Sales) and Processing Fees & Service Charges which contributed Rs 133.70 Crore to Sales Value (0.89 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-03-2019, the company has reported a Standalone sales of Rs 4655.14 Crore, up 4.87 % from last quarter Sales of Rs 4438.78 Crore and up 19.33 % from last year same quarter Sales of Rs 3900.95 Crore Company has reported net profit after tax of Rs 693.58 Crore in latest quarter. The company’s top management includes Dr.Dharmendra Bhandari, Mr.Ameet N Patel, Mr.Jagdish Capoor, Mr.M R Kumar, Mr.P Koteswara Rao, Mr.V K Kukreja, Mr.Vinay Sah, Ms.Savita Singh. Company has Shah Gupta & Co. as its auditoRs As on 31-03-2019, the company has a total of 504,663,000 shares outstanding.