LIC Housing Finance shares gain 4% post Q1 result

LIC Housing Finance shares rose by nearly 4 per cent today after the company reported a 6.3 per cent increase in standalone net profit for first quarter ended June.
The stock went up by 3.65 per cent to settle at Rs 525.05 on BSE. During the day, it jumped 4.57 per cent to Rs 529.70.
On NSE, it advanced by 3.69 per cent to close at Rs 525.45.
In terms of volume, 10.26 lakh shares of the company changed hands on BSE and more than 90 lakh shares were traded on NSE during the day.
LIC Housing Finance has reported a 6.3 per cent increase in standalone net profit at Rs 407.84 crore for first quarter ended June.

The company's net profit stood at Rs 382.13 crore in the corresponding April-June quarter of 2015-16.
Total income increased to Rs 3,379.86 crore in the quarter as against Rs 2,965.46 crore in the same period a year ago, it said in a regulatory filing.
The company provides loan for the purchase or construction of residential houses.