Buy LIC Housing Finance, target Rs 630 : Prabhudas Lilladher

The brokerage said the company's net earnings of $495 bllion were above estimates on back of lower provisions, better NII growth, improving spreads and stable loan growth.

By ETMarkets.com | Updated: Oct 25, 2016, 03.32 PM IST

Prabhudas Lilladher has a buy call on LIC Housing Finance Ltd. with a target price of Rs 630 .The current market price of LIC Housing Finance Ltd. is Rs 597.75 The brokerage gave a year for LIC Housing Finance Ltd. price to reach the defined target. The brokerage said the company's net earnings of $495 bllion were above estimates on back of lower provisions, better NII growth, improving spreads and stable loan growth. It said the competitive landscape continues to be tough which was evident in yield pressures.

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