Buy LIC Housing Finance: target of Rs 440: Sharekhan
Sharekhan is bullish on LIC Housing Finance has recommended buy rating on the stock with a target price of Rs 440 in its research report dated December 18, 2020.
December 21, 2020 / 03:14 PM IST
Sharekhan's research report on LIC Housing Finance
LIC Housing Finance (LICHF) is an attractive player in the housing mortgage market, with high credit ratings (margin support), improving disbursements and better collections efficiency. Home loan disbursements are improving, recovered to normalized levels during Q2, and the recent healthy demand augurs well for the home finance market as well. We have fine-tuned our estimates and believe the outlook for LICHF has improved; valuations at 1.05x/0.91x its FY2022E and FY2023E BVPS are reasonable considering its high return ratios and stable asset quality.
We maintain our Buy rating on the stock with a revised PT of Rs. 440.
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