Sell LIC Housing Finance, target Rs 435: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a sell call on LIC Housing Finance Ltd. with a target price of Rs 435.0 . The current market price of LIC Housing Finance Ltd. is Rs 454.3 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 463. LIC Housing Finance Ltd., incorporated in 1989, is a largecap company with a market cap of Rs 22926.84 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 30-09-2018, the company has reported a Standalone sales of Rs 4198.22 Crore, up 4.46 % from last quarter Sales of Rs 4018.95 Crore and up 13.85 % from last year same quarter Sales of Rs 3687.42 Crore Company has reported net profit after tax of Rs 573.16 Crore in latest quarter. The company’s top management includes Dr.Dharmendra Bhandari, Mr.Ameet N Patel, Mr.Hemant Bhargava, Mr.Jagdish Capoor, Mr.P Koteswara Rao, Mr.V K Kukreja, Mr.Vinay Sah, Ms.Savita Singh. Company has Shah Gupta & Co. as its auditoRs As on 31-12-2018, the company has a total of 504,663,000 shares outstanding.