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    HomeNewsBusinessStocksCredit Suisse downgrades LIC Housing Finance, cuts target price by Rs 200 per share

    Credit Suisse downgrades LIC Housing Finance, cuts target price by Rs 200 per share

    The housing finance firm may also face margin pressures going forward, Credit Suisse feels.

    November 03, 2017 / 15:18 IST
    JSW Holdings | Cash flow from operation in FY18: Rs 66 crore, FY19: Rs 89 crore and in FY20: Rs 103 crore. In the past 3-year, the stock price has risen 40 percent to Rs 2450 on August 25, 2020.
       
       
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      Credit Suisse has downgraded LIC Housing Finance to neutral, from outperform rating and also slashed target price to Rs 600 from Rs 800 per share as it feels best days may be behind.

      LIC Housing had been benefitted from favourable rates in past which may change post PSU bank recapitalisation and competition could increase, according to the research house.

      The housing finance firm may also face margin pressures going forward, Credit Suisse feels.

      Earnings are highly sensitive to margins, it said while cutting EPS estimates by 14-26 percent over FY18-20.

      first published: Nov 3, 2017 03:18 pm

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