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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
 
 
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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.


Outlook


We maintain our Buy rating on the stock with a revised PT of Rs. 440.


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: Dec 21, 2020 03:14 pm

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