Hold LIC Housing Finance With Stop Loss Of Rs 172

Hold LIC Housing Finance With Stop Loss Of Rs 172Technical 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.