LIC Housing Finance Ltd., incorporated in the year 1989, is a Large Cap company (having a market cap of Rs 18339.45 Crore) operating in NBFC sector.
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 4977.34 Crore, down 0.68 % from last quarter Sales of Rs 5011.50 Crore and down 0.05 % from last year same quarter Sales of Rs 4979.95 Crore. Company reported net profit after tax of Rs 789.67 Crore in latest quarter.
Investment Rationale
Renewed buying interest emerged near 50-day EMA. With immediate support near Rs 355-350, the stock is likely to revisit recent peak of Rs 391.
Promoter/FII Holdings
Promoters held 40.31 per cent stake in the company as of Sept 30, 2020, while FIIs held 34.44 per cent, DIIs 11.76 per cent and public and others 13.49 per cent.
