LIC Housing Finance tumbled 5.3% to Rs 295.10 at 13:03 IST on BSE after net profit rose 3.8% to Rs 322.30 crore on 16.76% growth in total income from operations to Rs 2509.12 crore in Q1 June 2014 over Q1 June 2013.
The Q1 result was announced during market hours today, 25 July 2014.
Meanwhile, the S&P BSE Sensex was down 200.94 points or 0.76% at 26,070.91.
On BSE, so far 4.02 lakh shares were traded in the counter as against average daily volume of 3.61 lakh shares in the past one quarter.
The stock hit a high of Rs 313.35 and a low of Rs 295.10 so far during the day. The stock had hit a 52-week low of Rs 152 on 4 September 2013. The stock had hit a record high of Rs 352.85 on 20 May 2014.
The stock had underperformed the market over the past one month till 24 July 2014, sliding 4.64% compared with the Sensex's 3.56% rise. The scrip had also underperformed the market in past one quarter, surging 11.43% as against Sensex's 14.84% rise.
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The large-cap company has equity capital of Rs 100.93 crore. Face value per share is Rs 2.
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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