CLSA and Macquarie maintain BUY Call for LIC Housing

CLSA and Macquarie maintain BUY Call for LIC Housing

LIC Housing has been in the news recently and the compared to its peers, the stock looks slightly undervalued. LIC Housing issued Rs 2300 crore preferential equity to its promoter LIC and the growth prospectus for LIC Housing is positive.

Macquarie has maintained a BUY Call for LIC Housing. The stock is currently trading at INR 532. Macquarie maintains an 'outperform' call on the stock with a target at Rs 600 per share. Capital raise is a welcome move for LIC Housing; growth seems to be making a comeback, said the brokerage.

For LIC Housing, CLSA has also kept its BUY Call. The stock is looking strong for growth in near future. As many other companies in the sector have been trading strong, LIC Housing looks like a better option for investors. The brokerage maintains a 'buy' call on inexpensive valuation with a target at Rs 700 per share.

In its research note, CLSA added that LIC Housing’s asset quality is a key negative surprise but situation could improve in upcoming quarters.

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