LIC Housing Finance rose 1.80% to Rs 283.30 at 13:38 IST on BSE, extending recent gains triggered by the company's good Q4 March 2014 results.
The company announced the results during trading hours on Monday, 21 April 2014. The stock had risen 1.37% to Rs 273.15 on that day. The stock has risen 5.14% in three trading sessions from Rs 269.45 on 17 April 2014.
Meanwhile, the BSE Sensex was up 106.52 points, or 0.47%, to 22,864.89.
On BSE, so far 2.39 lakh shares were traded in the counter, compared with an average volume of 3.44 lakh shares in the past one quarter.
The stock hit a high of Rs 284.80 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 279.70 so far during the day. The stock hit a 52-week low of Rs 152 on 4 September 2013.
The stock had outperformed the market over the past one month till 22 April 2014, rising 23.44% compared with the Sensex's 4.61% rise. The scrip had also outperformed the market in past one quarter, rising 31.86% as against Sensex's 6.66% rise.
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The large-cap company has an equity capital of Rs 100.93 crore. Face value per share is Rs 2.
LIC Housing Finance's net profit rose 17.04% to Rs 370.02 crore on 19.43% increase in total income to Rs 2477.94 crore in Q4 March 2014 over Q4 March 2013.
Net profit rose 28.73% to Rs 1317.18 crore on 21.88% increase in total income to Rs 9334.66 crore in the year ended March 2014 over the year ended March 2013.
On a consolidated basis, the company's net profit rose 25.84% to Rs 1318.20 crore on 21% increase in total income to Rs 9,373.04 crore in the year ended March 2014 over the year ended March 2013.
LIC Housing Finance is one of the largest housing finance companies in India having one of the widest networks of offices across the country. The company has set up a representative office in Dubai and Kuwait to cater to the non-resident Indians in the GLCC countries covering Bahrain, Dubai, Kuwait, Qatar and Saudi Arabia.
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