Share price of LIC Housing falls as Sensex drops 138.41 points

Share price of LIC Housing falls as Sensex drops 138.41 points
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Synopsis

A total of 721,528 shares changed hands on the counter till 02:14PM (IST)

ETMarkets.com
Share price of Finance Ltd. dropped 4.02 per cent to Rs 500.75 at 02:14PM (IST) in Wednesday's trade. The scrip hit a high of Rs 517.0 and low of Rs 497.5 so far during the session. The stock had closed at Rs 521.75 in the previous session.

The counter had a total traded volume of 02:14PM shares so far with a turnover of Rs 36.43 crore on BSE. The stock traded at a price-to-earnings multiple of 9.27 and a price-to-book ratio of 0.65.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

Did you Know?

Stock score of LIC Housing Finance Ltd moved down by 1 in a week.

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The 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.

Promotor/FII Holding
Promoters held 40.31 per cent stake in the company as of 31-Mar-2021, while foreign investors and domestic institutional investors ownership stood at 28.2 per cent and 16.82 per cent, respectively.

Key Financials
The firm reported consolidated sales of Rs 4979.91 crore for the quarter ended 31-Mar-2021, up 1.08 per cent from the previous quarter's Rs 4926.65 crore and up 1.56 per cent from the year-ago quarter's Rs 4903.54 crore.

Its profit for the latest quarter stood at Rs 384.88 crore, down 9.35 per cent from the same quarter a year ago.

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