Top Stocks Today : IIFL Securities has Buy call on Lic Housing Finance - June 12
IIFL Securities issued a "buy" rating for LIC Housing Finance on June 12, targeting a price of Rs. 730. This recommendation is based on the company's strong fundamentals, including its robust loan growth, healthy asset quality, and efficient cost structure. At the time of the recommendation, LIC Housing Finance's market price was Rs. 702.6, indicating a potential upside of over 3%. This positive outlook reflects the company's ability to capitalize on the growing demand for housing loans in India.
About Lic Housing Finance:
LIC Housing Finance Limited (LIC HFL) is a leading housing finance company in India, providing a wide range of housing loan products to individuals and corporates. It is a subsidiary of Life Insurance Corporation of India (LIC), the largest life insurer in the country. LIC HFL offers home loans, loans against property, and other loan products for various purposes such as home purchase, construction, and renovation. It has a strong presence across India with a network of branches and customer service centers. The company has consistently maintained a high asset quality and a healthy financial position. LIC HFL is committed to providing affordable and accessible housing finance solutions to its customers.
52 Week Price Trend:
LIC Housing Finance is currently trading at Rs 702.6, within a range bound movement. The stock has recovered significantly from its 52-week low of Rs 315.1, but it is still below its 52-week high of Rs 669.8. The stock's movement indicates a consolidation phase, with investors awaiting further cues to determine the next directional move. Technical indicators suggest a neutral to slightly bullish bias, with the stock hovering above key support levels.
Stratzy's MOST Analysis:
LICHSGFIN has been assigned a BB- rating by Stratzy's MOST framework. This framework evaluates stocks based on Management, Outlook, Safety and Trend. A BB- rating indicates a medium level of fundamental risks. The company's management is considered to be competent, its outlook is stable, its safety is adequate, and its trend is positive. Overall, LICHSGFIN is considered to be a financially sound company with a solid foundation for future growth.
Company's Fundamentals:
LIC Housing Finance (NSE: LICHSGFIN) is a company listed on the National Stock Exchange of India (NSE). Its stock currently trades at a Price-to-Earnings (PE) ratio of 7.45, indicating that investors are willing to pay 7.45 times the company's annual earnings for each share. The Price-to-Book (PB) ratio of 1.24 suggests that the market value of the company is 1.24 times its book value, which is the value of its assets minus its liabilities. Finally, the Dividend Yield of 1.29% represents the annual dividend per share divided by the current market price, indicating the percentage of return investors can expect from dividends.
Fundamental and Technical information provided in this blog were last updated on 12 Jun, 2024
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