Buy LIC Housing Finance, target Rs 750: Karvy Stock Broking Ltd

Karvy Stock Broking Ltd has a buy call on LIC Housing Finance Ltd. with a target price of Rs 750. The current market price of LIC Housing Finance Ltd. is Rs 703.75. Time period given by analyst is month when LIC Housing Finance Ltd. price can reach defined target. Karvy Stock Broking Ltd recommended to keep stoploss at Rs 680.0 .

LIC Housing Finance Ltd., incorporated in the year 1989, is a Large Cap company (having a market cap of ₹ 35515.66 Crore.) operating in Finance sector.

LIC Housing Finance Ltd. key Products/Revenue Segments include Interest which contributed ₹ 12250.85 Cr to Sales Value (98.82 % of Total Sales) and Processing Fees & Service Charges which contributed ₹ 145.29 Cr to Sales Value (1.17 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-03-2017, the company has reported a Standalone sales of ₹ 3642.87 Cr., up 3.71% from last quarter Sales of ₹ 3512.53 Cr. and up 13.64% from last year same quarter Sales of ₹ 3205.66 Cr. Company has reported net profit after tax of ₹ 529.19 Cr. in latest quarter. The company’s top management includes Dr.Dharmendra Bhandari, Mr.Ameet N Patel, Mr.Debabrata Sarkar, Mr.Jagdish Capoor, Mr.T V Rao, Mr.V K Kukreja, Mr.V K Sharma, Mr.Vinay Sah, Ms.Savita Singh, Ms.Usha Sangwan. Company has Shah Gupta & Co. as its auditors. As on 31-03-2017, the company has a total of 504,663,000 shares outstanding.