Sell LIC Housing Finance Ltd. target Rs 665: Siddharth Bhamre

Independent analyst Siddharth Bhamre has a sell call on LIC Housing Finance Ltd. with a target price of Rs 665. The current market price of LIC Housing Finance is 702.8. Time period given by analyst is Intra Day when LIC Housing Finance Ltd. price can reach defined target. Siddharth Bhamre recommended to keep stop loss at Rs 753.0 .

LIC Housing Finance Ltd., incorporated in the year 1989, is a largecap company with a market cap of ₹ 35467.72 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 CEO is Mr.Vinay Sah. It's Board of Directors include Mr.Ashim Bhuyan, Mr.Ashwani Kumar Raina, Mr.D S Rawat, Mr.D Thirupathi, Mr.Gurmel Singh Parmar, Mr.J S Tolia, Mr.Jayshri Wartak, Mr.Kiron Singh, Mr.L Ajith Kumar, Mr.L C Meena, Mr.M K Karuppaiah, Mr.N Mahesh, Mr.Nikhil Jain, Mr.Nitin K Jage, Mr.Om Prakash, Mr.P Mallikharjuna Rao, Mr.P Narayanan, Mr.Purti Samant, Mr.Sadhana Deshpande, Mr.Sudipto Sil, 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, Mr.Nitin K Jage. Company has its registered office at Bombay Life Building, , 2nd Floor,, 45/47, Veer Nariman Road, Mumbai, 400001, Maharashtra. Company has Shah Gupta & Co. as its auditors. As on 31-03-2017, the company has a total of 504,663,000 shares outstanding.