Wednesday, 14 August 2013

LIC Housing Finance spurts on reporting 36% rise in Q1net profit

LIC Housing Finance is currently trading at Rs. 182.10, up by 4.30 points or 2.42% from its previous closing of Rs. 177.80 on the BSE.

The scrip opened at Rs. 180.75 and has touched a high and low of Rs. 184.70 and Rs. 175.55 respectively. So far 679707 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 300.00 on 02-Jan-2013 and a 52 week low of Rs. 154.40 on 07-Aug-2013.

Last one week high and low of the scrip stood at Rs. 179.20 and Rs. 154.40 respectively. The current market cap of the company is Rs. 9273.18 crore.

The promoters holding in the company stood at 40.31% while Institutions and Non-Institutions held 45.29% and 14.23% respectively.

LIC Housing Finance’s net profit for the first quarter ended June 30, 2013 grew by 36.34% at Rs 310.51 crore as compared to Rs 227.75 crore for the corresponding quarter ended June 30, 2012. Company’s total Income has increased by 23.23% at Rs 2177.94 crore for the quarter under review against Rs 1767.30 crore for June quarter of the previous year.

LIC holds 40.31% stake in LIC Housing Finance while, institutional investors, both foreign and domestic together, are holding 41.47% shares, others hold 18.22% shares.

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