 "LIC, Life Insurance Corporation of India")
With concerns over profitability amid competitive intensity and the recent liquidity crunch, valuation of the LIC Housing Finance (LICHF) stock corrected sharply from 2.5 times of 1-year forward book value to around 1.4 times now. This is attractive when compared to its peers (valuation of 1.6 times to 4 times) and is also close to its historical low level of around 1.1 times.
According to analysts at Motilal Oswal Securities, the current valuation is attractive with favourable risk-reward.
The stock has surged 20 per cent since January 30, when the company had announced its December 2018 quarter results. What cheered
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