LIC Housing shares up 0.77% as Nifty gains

Shares of Ashok Leyland Ltd.  fall  as Nifty  drops

NEW DELHI: Shares of Finance Ltd. traded 0.77 per cent up in Friday’s trade at 12:10PM (IST). Around 55,663 shares changed hands on the counter.

The counter opened at Rs 390.0 and touched an intraday high and low of Rs 394.25 and Rs 388.0, respectively, in the session so far. The stock of LIC Housing Finance Ltd. quoted a 52-week high of Rs 487.5 and a 52-week low of Rs 219.35.

As per BSE, the total market cap of the LIC Housing Finance Ltd. stood at Rs 19808.02 crore at the time of writing this report.

Key Financials

The company reported consolidated sales of Rs 4926.65 crore for the quarter ended 31-Dec-2020, down 1.22 per cent from previous quarter’s Rs 4987.64 crore and down 1.59 per cent from the year-ago quarter’s Rs 5006.12 crore.

The net profit for latest quarter stood at Rs 722.87 crore, up 20.03 per cent from the corresponding quarter last year.

Shareholding pattern

As of 31-Dec-2020, domestic institutional investors held 9.62 per cent stake in the company, while foreign institutional investors held 29.26 per cent and the promoters 40.31 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 7.16 and a price-to-book ratio of 0.65. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

LIC Housing Finance Ltd. belongs to the NBFC – Housing industry.

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