Maintaining the gaining momentum for the third straight session, shares of LIC Housing Finance (LICHF) advanced by over 3 per cent in the early trade on BSE, a day after the company posted 39 per cent jump in its third quarter net profit.
Buoyed by the smart December quarter earnings, shares of LIC Housing Finance surged 3.46 per cent to touch an early high of Rs 176.30 a piece on the Bombay Stock Exchange (BSE).
The scrip has registered a gain of 12.28 per cent in the last two trading sessions.
The shares saw a similar rise on the National Stock Exchange and gained 3.58 per cent to trade at Rs 176.45 in the morning session.
LIC Housing Finance, which was hit by bribery-for-loan scam, yesterday reported 39 per cent rise in its net profit at Rs 213.4 crore for the third quarter ended December, 2010, against Rs 153.5 crore in the year-ago period.
The rise in the LIC Housing Finance counter was significant as the broader benchmark Sensex was trading subdued at 18,891.55, down 86.77 points at 0949 hours.