Hold LIC Housing Finance With Stop Loss Of Rs 172
Technical analyst Anil Singhvi has maintained 'hold' rating on L I C Housing Finance Limited stock with targets of Rs 210-256-.
According to analyst, the investors can purchase the stock with a stop loss of Rs 172.
The stock of the company, on January 27, closed at Rs 184.80 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 299.30 and a low of Rs 142 on BSE.
Current EPS & P/E ratio stood at 18.40 and 9.64 respectively.
LIC Housing Finance posted 39% growth in its net profit, which stood at Rs 213.4 crore for the three month period ended December 2010.
The housing finance company registered a net profit of Rs 153.5 crore during the same period of 2009.
Company's total income grew by 59% to Rs 1,354.4 crore during the quarter under review as against Rs 880.4 crore during the same period a year ago.
During the period, the company approved loans worth Rs 5,785 crore and disbursed loans worth Rs 4,626 crore, recording an increase of 28%.
Company's net interest income stood at Rs 352 crore from Rs 228 crore in December 2009.