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Buy LIC Housing Finance, target price Rs 755: Motilal Oswal
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LIC Housing Finance with a target price of Rs 755. The current market price of LIC Housing Finance is Rs 664.65.
LIC Housing Finance Ltd., incorporated in the year 1989, is a Large Cap company (having a market cap of Rs 36548.94 Crore) operating in NBFC sector.
Financials For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 6804.19 Crore, up .57 % from last quarter Total Income of Rs 6765.87 Crore and up 15.40 % from last year same quarter Total Income of Rs 5895.94 Crore. Company reported net profit after tax of Rs 1166.60 Crore in latest quarter.
Promoter/FII Holdings Promoters held 45.24 per cent stake in the company as of 31-Dec-2023, while FIIs owned 21.91 per cent, DIIs 21.64 per cent.
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