Shares of LIC Housing Finance cut down on profit taking, in spite of first-class outcome by the company, as the stock is costly, 3 dealers said that they will consider that with reasonable growth and NIMs, the stock is probably past its peak and uphold our sell reference Citi stated this in a note.

LIC Housing Finance which is amongst one of the largest housing finance corporation in India has testify modest growth of 37% in the net profit at Rs 234.21 crore on the back of 32% jump in the net income by operations at Rs 1100.22 crore in the quarter which finished on September 2010.

Remarking on the financial results, LIC Housing Finance, Director and Chief Executive, R. R. Nair, expressed that the year persist to be excellent on all the operational medium, and they are sure of upholding the good presentation.