Sell LIC Housing Finance, target Rs 465: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a sell call on LIC Housing Finance Ltd. with a target price of Rs 465. The current market price of LIC Housing Finance Ltd. is Rs 484.4. 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 496. LIC Housing Finance Ltd., incorporated in 1989, has a market cap of Rs 24445.88 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 30-06-2019, 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.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.