Technical analyst Rupal Saraogi has maintained 'buy' rating on LIC Housing Finance Limited stock to attain an intra-day target of Rs 219.

According to analyst, the stock can be purchased with a stop loss of Rs 202.

The stock of the company, May 04, closed at Rs 204.55 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 299.30 and a low of Rs 150.40 on BSE.

Current EPS & P/E ratio stood at 20.53 and 9.98 respectively.

LIC Housing Finance has rolled out a novel home loan product christened Freedom on a floating rate basis.

Under the plan, loaning amounts up to Rs 30 lakh would be provided at 9.9%, loans from Rs 30-lakh to Rs 75 lakh at 10.35% and loans worth Rs 75-lakh to Rs 1.5-crore can be available at 10.75%.

The plan will facilitate clients an option to switch to a fixed rate plan for 5 years after the disbursal of the initial loan sum.

The company also said that it has backed out its Advantage plan, on fears that it could be considered to be a teaser loan rate plan.

LIC Housing Finance's Chief Executive Officer, V K Sharma, stated, "It was not a teaser rate scheme. It would become a dual rate scheme after five years. We had sought a clarification from the regulator on it being a teaser rate scheme. Since we did not receive any clarification, we decided that it was better to withdraw the product."