LIC Housing Fin to raise Rs 500cr; stock up 2%

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LIC Housing Fin to raise Rs 500cr; stock up 2%

LIC Housing Finance is going to raise Rs 500 crore for urban development fund, reports CNBC-TV18, quoting Newswire18.

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LIC Housing Finance is going to raise Rs 500 crore for urban development fund, reports CNBC-TV18, quoting Newswire18.

The company's chairman said that, they have invested Rs 25,000 crore in capital markets until early December, reports CNBC-TV18, quoting Newswire18.

LIC Housing Finance touched an intraday high of Rs 235.90 and an intraday low of Rs 230. At 14:15 hrs the share was quoting at Rs 235.90, up Rs 4.60, or 1.99%.
 
It was trading with volumes of 229,389 shares. In the previous trading session, the share closed up 0.17% or Rs 0.40 at Rs 231.30.

The company's trailing 12-month (TTM) EPS was at Rs 20.53 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 11.49. The latest book value of the company is Rs 87.83 per share. At current value, the price-to-book value of the company was 2.69. The dividend yield of the company was 1.48%.