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LIC Housing Finance inches up after strong Q3 numbers

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Capital Market
Last Updated : Jan 19 2016 | 12:01 AM IST

LIC Housing Finance rose 0.14% to Rs 467.70 at 9:49 IST on BSE after net profit rose 21.6% to Rs 418.90 crore on 15.4% growth in total income to Rs 3156.70 crore in Q3 December 2015 over Q3 December 2014.

The Q3 result was announced on Saturday, 16 January 2016.

Meanwhile, the S&P Sensex was down 70.94 points or 0.29% at 24,384.10.

On BSE, so far 50,000 shares were traded in the counter as against average daily volume of 1.21 lakh shares in the past one quarter. The stock was highly volatile. The stock rose as much as 2.34% at the day's high of Rs 478 so far during the day. The stock lost as much as 2.04% at the day's low of Rs 465 so far during the day. The stock had hit a record high of Rs 526 on 6 August 2015. The stock had hit a 52-week low of Rs 389.35 on 10 June 2015. The stock had outperformed the market over the past one month till 15 January 2016, sliding 0.81% compared with Sensex's 3.42% fall. The scrip had also outperformed the market in past one quarter, declining 4.97% as against Sensex's 9.46% fall.

The large-cap company has equity capital of Rs 100.93 crore. Face value per share is Rs 2.

LIC Housing Finance is a housing finance company. LIC of India holds 40.31% stake in the firm as at 30 September 2015.

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First Published: Jan 18 2016 | 9:49 AM IST

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