Sell LIC Housing Finance, target Rs 688: Siddharth Bhamre

Independent analyst Siddharth Bhamre has sell call on LIC Housing Finance with a target price of Rs 688.

The current market price of LIC Housing Finance is Rs 725.15.

Time period given by analyst is intraday when LIC Housing Finance price can reach defined target.

Siddharth Bhamre recommended to keep stoploss at Rs 758.

LIC Housing Finance, incorporated in the year 1989, is a Large Cap company (having a market cap of Rs 36595.64 crore) operating in Finance sector.

LIC Housing Finance key Products/Revenue Segments include Interest which contributed Rs 12250.85 crore to Sales Value (98.82 % of Total Sales) and Processing Fees & Service Charges which contributed Rs 145.29 crore 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 Rs 3642.87 crore, up 3.71% from last quarter Sales of Rs 3512.53 crore and up 12.21% from last year same quarter Sales of Rs 3246.40 crore.

The company’s top management includes 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. Company has Shah Gupta & Co. as its auditors.

As on 31-03-2017, the company has a total of 504,663,000 shares outstanding.