LIC Housing share price: LIC Housing shares up 1.21% as Nifty gains

NEW DELHI: Shares of Finance Ltd. traded 1.21 per cent up in Monday’s trade at 11:22AM (IST). Around 41,935 shares changed hands on the counter.

The counter opened at Rs 432.0 and touched an intraday high and low of Rs 436.65 and Rs 430.5, respectively, in the session so far. Shares of the company of LIC Housing Finance Ltd. quoted a 52-week high of Rs 487.5 and a 52-week low of Rs 219.35.

Total market cap of the LIC Housing Finance Ltd. stood at Rs 21705.56 crore at the time of writing this report.

Key Financials

The company reported consolidated sales of Rs 4926.65 crore for the quarter ended 31-Dec-2020, down 1.22 per cent from previous quarter’s Rs 4987.64 crore and down 1.59 per cent from the year-ago quarter’s Rs 5006.12 crore.

The net profit for latest quarter stood at Rs 722.87 crore, up 20.03 per cent from the corresponding quarter last year.

Shareholding pattern

As of 31-Mar-2021, DIIs held 9.27 per cent stake in the company, while foreign institutional investors held 28.2 per cent and the promoters 40.31 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 7.85 and a price-to-book ratio of 0.65. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

LIC Housing Finance Ltd. belongs to the NBFC – Housing industry.

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