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Buy LIC Housing, price target Rs 490: Manas Jaiswal

The analyst suggested a stoploss at Rs 454.

ETMarkets.com|
Updated: Nov 29, 2019, 08.42 AM IST
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LIC Housing Finance Ltd., incorporated in the year 1989, is a Large Cap company (having a market cap of Rs 23580.38 Crore) operating in NBFC sector.
Manas Jaiswal of manasjaiswal.com has a buy call on LIC Housing Finance Ltd. with a target price of Rs 490.0 . The current price of LIC Housing Finance Ltd. is Rs 467.25 . Manas Jaiswal recommended to keep a stoploss at Rs 454 .

LIC Housing Finance Ltd., incorporated in the year 1989, is a Large Cap company (having a market cap of Rs 23580.38 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 30-09-2019, the company has reported a Consolidated sales of Rs 4979.95 Crore, up 3.41 % from last quarter Sales of Rs 4815.57 Crore and up 18.44 % from last year same quarter Sales of Rs 4204.69 Crore Company has reported net profit after tax of Rs 767.95 Crore in latest quarter.

The company’s top management includes Dr.Dharmendra Bhandari, Mr.Ameet N Patel, Mr.Hemant Bhargava, 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, Mr.Vipin Anand, Ms.Savita Singh. Company has Shah Gupta & Co. as its auditoRs As on 30-09-2019, the company has a total of 504,663,000 shares outstanding.

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