Buy LIC Housing Finance, says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, “LIC Housing Finance has come to a strong support level. At Rs 240 the decline in the stock is probably over. The trade is on the long side rather than the short. I would be a buyer here.”
The share touched its 52-week high Rs 300.00 and 52-week low Rs 237.60 on 02 January, 2013 and 23 May, 2012, respectively.Currently, it is trading 19.08% below its 52-week high and 2.17% above its 52-week low.
The company's trailing 12-month (TTM) EPS was at Rs 20.53 per share. (Dec, 2012). The stock's price-to-earnings (P/E) ratio was 11.83. The latest book value of the company is Rs 112.59 per share. At current value, the price-to-book value of the company was 2.16. The dividend yield of the company was 1.48%.