Sell LIC Housing Finance, target Rs 470: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a sell call on LIC Housing Finance Ltd. with a target price of Rs 470. The current market price of LIC Housing Finance Ltd. is Rs 490.2. Time period given by the analyst is Intra Day when LIC Housing Finance Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 501. LIC Housing Finance Ltd., incorporated in 1989, is a largecap company with a market cap of Rs 24738.58 crore.

LIC Housing Finance Ltd. key Products/Revenue Segments include Interest which contributed Rs 13876.71 Crore to Sales Value (99.21 % of Total Sales) and Processing Fees & Service Charges which contributed Rs 110.23 Crore to Sales Value (0.78 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2018, the company has reported a Standalone sales of Rs 3900.95 Crore, up 4.36 % from last quarter Sales of Rs 3738.10 Crore and up 7.08 % from last year same quarter Sales of Rs 3642.87 Crore Company has reported net profit after tax of Rs 539.33 Crore in latest quarter. The company’s top management includes Dr.Dharmendra Bhandari, Mr.Ameet N Patel, Mr.Debabrata Sarkar, Mr.Jagdish Capoor, Mr.P Koteswara Rao, 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 31-03-2018, the company has a total of 504,663,000 shares outstanding.