LIC Housing Finance jumped 6.21% to Rs 166.75 at 11:41 IST on BSE on bargain hunting after the stock fell 13.28% in the preceding three sessions to Rs 157 on 20 August 2013, from a recent high of Rs 181.05 on 14 August 2013
Meanwhile, the BSE Sensex was up 132.21 points, or 0.72%, to 18,378.25
On BSE, 3.84 lakh shares were traded in the counter compared with average volume of 3.95 lakh shares in the past one quarter.
The stock hit a high of Rs 172.50 and a low of Rs 162 so far during the day. The stock hit a 52-week low of Rs 154.40 on 7 August 2013. The stock hit a record high of Rs 300 on 2 January 2013.
The stock had underperformed the market over the past one month till 20 August 2013, falling 24.70% compared with the Sensex's 9.45% decline. The scrip had also underperformed the market in past one quarter, sliding 42.97% as against Sensex's 9.78% fall.
The mid-cap company has an equity capital of Rs 100.93 crore. Face value per share is Rs 2.
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LIC Housing Finance's net profit jumped 36.34% to Rs 310.50 crore on 23.23% increase in total income to Rs 2177.93 crore in Q1 June 2013 over Q1 June 2012. The result was announced on 14 August 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 and representative offices at Dubai & Kuwait.
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