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Last Updated : Mar 20, 2019 03:54 PM IST | Source: Moneycontrol.com

Buy LIC Housing Finance; target of Rs 590: Sharekhan

Sharekhan is bullish on LIC Housing Finance has recommended buy rating on the stock with a target price of Rs 590 in its research report dated March 14, 2019.

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Sharekhan's research report on LIC Housing Finance


LICHF has been able to maintain its cost of funds well, which is an important factor in favour of its long-term sustainability. Valuations suggest asset-quality caution is likely overdone. Management has guided for improved growth in the near term. Loan growth guidance of ~15% for FY2019 and FY2020 also appears achievable.


Outlook


We upgrade our recommendation on the stock to Buy with a revised PT of Rs. 590.


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.




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First Published on Mar 20, 2019 03:54 pm
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