Hold LIC Housing Finance, target price Rs 274: Emkay Global

Emkay Global has given hold rating to LIC Housing Finance with a target price of Rs 274. The share price moved down by 0.10 per cent from its previous close of Rs 306.40. The stock’s last traded price is Rs 306.10.

LIC Housing Finance Ltd., incorporated in the year 1989, is a Large Cap company (having a market cap of Rs 15599.13 Crore) operating in NBFC sector.

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 30-06-2020, the company reported a Consolidated sales of Rs 5011.50 Crore, up 1.55 % from last quarter Sales of Rs 4935.20 Crore and up 4.07 % from last year same quarter Sales of Rs 4815.57 Crore. The Company reported net profit after tax of Rs 824.08 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 40.3 per cent stake in the company as of June 30, 2020, while FIIs held 34.3 per cent, DIIs 10.6 per cent and public and others 14.8 per cent.