you are here: HomeNewsBusiness

Buy LIC Housing Finance; target of Rs 450: Sharekhan

Sharekhan is bullish on LIC Housing Finance has recommended buy rating on the stock with a target price of Rs 450 in its research report dated January 29, 2021.

February 09, 2021 / 10:52 PM IST
buy_93631531

buy_93631531

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Sharekhan's research report on LIC Housing Finance


Q3FY21 results were encouraging; operational numbers was largely in line with expectations. Margins slightly expanded q-o-q while reported asset quality improved. Disbursements are encouraging and have reverted to pre-COVID levels; collection efficiency for non-moratorium customers stood at 98% for December (from 96% in September). Strong borrowing profile aided by parentage and conservative LTVs; valuations reasonable at 0.97x/0.84x its FY2022E and FY2023E ABVPS.


Outlook


We maintain a Buy on stock with a revised PT of Rs. 450.


For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Feb 9, 2021 10:52 pm

stay updated

Get Daily News on your Browser
Sections