LIC Housing Stock Price: LIC Housing shares up 0.26% as Nifty gains

Shares of Finance Ltd. rose 0.26 per cent to Rs 421.0 in Wednesday’s trade. It hit an intraday high of Rs 426.45 and low of Rs 415.85, respectively, during the day.

The stock quoted a 52-week high price of Rs 487.5 and low of Rs 209.5.

As of 02:03PM (IST), the counter saw total traded volume of 101,968 shares with a traded value of Rs 4.29 crore, according to NSE.

The stock had closed at Rs 419.9 in the previous session.

The scrip has declined -3.51 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -1.32 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 7.68 while price-to-book ratio stood at 0.65. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the NBFC – Housing industry.

Promoter/FII Holding
Promoters held 40.31 per cent stake in the company as of 31-Dec-2020, while FII and MF ownership in the firm stood at 29.26 per cent and 9.62 per cent, respectively.

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 the previous quarter’s Rs 4987.64 crore and down 1.59 per cent from the year-ago quarter’s Rs 5006.12 crore. Its net profit for the latest quarter stood at Rs 722.87 crore, up 20.03 per cent from the same quarter a year ago.

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