Get App
Moneycontrol

Co-Partners

Associate Partners

Last Updated : May 07, 2019 01:31 PM IST | Source: Moneycontrol.com

Hold LIC Housing Finance; target of Rs 550: Sharekhan

Sharekhan recommended Hold rating on LIC Housing Finance with a target price of Rs 550 in its research report dated May 06, 2019.

Broker Research @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Sharekhan's research report on LIC Housing Finance


LIC Housing Finance (LICHF) posted mixed Q4 FY19 results, with healthy topline and operating profit growth, but asset quality deteriorated sequentially. Advances growth was moderate, with overall loan book increasing by 16.2% y-o-y, largely in line with the past trajectory. Despite modest valuations at present, at 1.2x FY2021E BV, the overhang of rise in delinquencies in the developer book, limited scope of ROA expansion and modest growth indicate that there may be limited upside for the stock.


Outlook


We downgrade our recommendation to Hold with a revised PT of Rs. 550.


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.



Get Lok Sabha 2019 Live Election Results, constituency-wise tally, news, views and analysis
Follow our Lok Sabha Election Result Live Blog here.
First Published on May 7, 2019 01:31 pm
More From
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant