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

Moneycontrol.com
November 03, 2017 / 15:18 IST
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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.
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.

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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.

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