Business Standard

LIC Housing Finance hits four-month high ahead of Q1 results

The stock was up 3% at Rs 569, trading at its highest level since April 17, 2018 ahead of June quarter results on Friday.

LIC Housing
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Photo: LIC Housing twitter handle

SI Reporter Mumbai
Shares of LIC Housing Finance hit a four month high of Rs 569 per share, rising 3% on the BSE ahead of April-June quarter (Q1FY19) results on Friday, August 24, 2018.

The stock of housing finance company (HFC) was trading at its highest level since April 17, 2018. It has outperformed the market by surging 21% from its recent low of Rs 471 on May 24, 2018. On comparison, the S&P BSE Sensex was up 4% during the same period.

Despite of an over 20% rally in past three months, the stock has underperformed by falling 12% in

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