Buy LIC Housing Fin; target of Rs 530: Firstcall

Firstcall's research report on LIC Housing FinLIC Housing Finance Ltd is one of the largest housing finance companies in India having one of the widest networks of offices across the country and representative offices at Dubai & Kuwait. In addition, the Company also distributes its products through branches of its subsidiary LICHFL Financial Services Ltd. LIC Housing Finance Ltd was promoted by Life Insurance Corporation in 1989 and a public issue was made in 1994. It launched its maiden GDR offering in 2004. The company enjoys the highest rating from CRISIL & CARE indicating highest safety with regard to the ability to service interest and repay principal. LIC Housing Finance Limited possesses one of the industry’s most extensive marketing networks in India with 234 marketing offices. In addition, it has appointed nearly 13,538 agents to extend its marketing reach. Sixteen Back Offices spread across the country. The Company has set up a Representative Offices in Dubai and Kuwait to cater to the Non-Resident Indians in the GCC countries covering Bahrain, Dubai, Kuwait, Qatar and Saudi Arabia. We recommend ‘BUY’ in this particular scrip with a target price of Rs. 530.00 for Medium to Long term investment

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For all recommendations, 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.

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