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LIC Housing Finance drops after a block deal

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Capital Market

LIC Housing Finance lost 2.77% to Rs 201.50 at 14:28 IST on BSE after a block deal of 10.75 lakh shares was executed on the counter on BSE at Rs 200.75 per share at 13:48 IST.

The block deal constitutes 0.21% of LIC Housing Finance's equity.

Meanwhile, the S&P BSE Sensex was down 39.85 points or 0.2% at 20,385.17.

On BSE, 15.73 lakh shares were traded in the counter as against average daily volume of 2.91 lakh shares in the past two weeks.

The stock hit a high of Rs 208 and a low of Rs 200 so far during the day.

 

LIC Housing Finance's net profit surged 27.6% to Rs 310.07 crore on 23.7% growth in total income to Rs 2302.41 crore in Q2 September 2013 over Q2 September 2012.

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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First Published: Nov 27 2013 | 2:28 PM IST

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