LIC Housing Finance stock up on fund raising plans

The company said it will raise up to Rs. 43,000 crore via non-convertible debentures on private placement basis. 

LIC Housing Finance Ltd is currently trading at Rs. 407, up by 1% from its previous closing of Rs. 403.05 on the BSE.

The company said it will raise up to Rs 43,000 crore via non-convertible debentures on private placement basis. 

The scrip opened at Rs. 403 and has touched a high and low of Rs. 409 and Rs. 400 respectively. So far 877298 shares were traded on the counter. The current market cap of the company is Rs. 20271.79 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 523.95 on 06-Aug-2015 and a 52 week low of Rs. 299.2 on 25-Sep-2014. Last one week high and low of the scrip stood at Rs. 437.5 and Rs. 399.5 respectively.

The promoters holding in the company stood at 40.31 % while Institutions and Non-Institutions held 44.16 % and 15.07 % respectively.

The stock is currently trading above its 50 DMA.