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Last Updated : Aug 07, 2019 05:28 PM IST | Source: Moneycontrol.com

Hold LIC Housing Finance target of Rs 500: Sharekhan

Sharekhan recommended hold rating on LIC Housing Finance with a target price of Rs 500 in its research report dated August 05, 2019.

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Sharekhan's research report on LIC Housing Finance


LIC Housing Finance (LICHF) reported weak numbers in Q1FY2020 with a marginal pickup in disbursement. Asset quality worsened and LICHF saw a sequential rise in delinquencies (with stage 3 exposure at default (EAD)) at 1.98%. Though current valuations are modest, we believe that the stock has a limited upside given multiple headwinds.


Outlook


Hence, we maintain our Hold recommendation with a revised price target (PT) of Rs. 500.


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 Aug 7, 2019 05:28 pm
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