LIC Housing shares up 5.13% as Nifty gains

LIC Housing shares up 5.13% as Nifty gains
ETMarkets.com
Share
Font Size
Save
Comment
Synopsis

A total of 108,373 shares changed hands on the counter till 10:00AM (IST).

Getty Images
As long as Nifty does not close above 11,720, it can slip towards 11,600.

INSIGHTS

Read Stock Insights by ET for a quick analysis

Explore Now
NEW DELHI: Shares of Finance Ltd. traded 5.13 per cent up in Monday's trade at 10:00AM (IST). Around 108,373 shares changed hands on the counter.

The stock opened at Rs 454.3 and touched an intraday high and low of Rs 479.25 and Rs 452.7, respectively, in the session so far. The stock of LIC Housing Finance Ltd. quoted a 52-week high of Rs 487.5 and a 52-week low of Rs 236.8.

As per BSE, the total market cap of the LIC Housing Finance Ltd. stood at Rs 23164.03 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 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 8.38 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.

Read More News on

(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

ETPrime stories of the day

Read before you invest. Insights on LIC Housing Finance Ltd.. Explore Now