Sell LIC Housing Finance, target Rs 440: Sagar Doshi

Sagar Doshi of Edelweiss Financial Services has a sell call on LIC Housing Finance Ltd. with a target price of Rs 440. The current market price of LIC Housing Finance Ltd. is Rs 471.3. Time period given by the analyst is Intra Day when LIC Housing Finance Ltd. price can reach defined target. Sagar Doshi recommended to keep stoploss at Rs 495. LIC Housing Finance Ltd., incorporated in 1989, has a market cap of Rs 23784.77 crore.

LIC Housing Finance Ltd. key Products/Revenue Segments include Interest which contributed Rs 17256.12 Crore to Sales Value (99.43 % of Total Sales), Income From Financial Services which contributed Rs 64.07 Crore to Sales Value (0.36 % of Total Sales) and Fees & Commission Income which contributed Rs 34.83 Crore to Sales Value (0.20 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 4815.57 Crore, up 3.19 % from last quarter Sales of Rs 4666.48 Crore and up 18.35 % from last year same quarter Sales of Rs 4068.83 Crore Company has reported net profit after tax of Rs 609.13 Crore in latest quarter. The company’s top management includes Dr.Dharmendra Bhandari, Mr.Ameet N Patel, Mr.Hemant Bhargava, Mr.Jagdish Capoor, Mr.Kashi Prasad Khandelwal, Mr.M R Kumar, Mr.P Koteswara Rao, Mr.Sanjay Kumar Khemani, Mr.V K Kukreja, Mr.Vinay Sah, Ms.Savita Singh. Company has Shah Gupta & Co. as its auditors. As on 30-06-2019, the company has a total of 504,663,000 shares outstanding.