LIC Housing share price: LIC Housing shares up 0.58% as Nifty drops

NEW DELHI: Shares of Finance Ltd. traded 0.58 per cent up in Monday’s trade at 11:12AM (IST). Around 72,142 shares changed hands on the counter.

The scrip opened at Rs 400.0 and touched an intraday high and low of Rs 411.35 and Rs 398.95, 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.

As per BSE, the total market cap of the LIC Housing Finance Ltd. stood at Rs 20479.22 crore at the time of writing this report.

Key Financials

The company reported consolidated net 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 same quarter a year ago.

Shareholding pattern

As of 31-Mar-2021, domestic institutional investors held 9.27 per cent stake in the firm, 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 price-to-earnings multiple of 7.41 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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