LIC Housing Finance’s mixed quarter results show potential for improvement in NIM and loan growth, maintaining a ‘HOLD’ rating.

Broker’s call: LIC Housing Fin (Hold)

Kirloskar Brothers Ltd, Samvardhana Motherson International Ltd, Reliance Infrastructure Ltd and LIC Housing Finance Ltd are among the other losers in the BSE’s ‘A’ group today, 05 August 2024.

Sobha Ltd Partly Paidup leads losers in ‘A’ group

The stock fell as much as 7.69% during the day to Rs 691.05 apiece on the NSE.

LIC Housing Finance Shares Plunge As Q1 Profit Declines

Tata Tech from the midcap index and Equitas SFB, Kolte Patil Developers, Landmark Cars, Nilkmal, Spandana Sphoorty and Tasty Bite from the smallcap index hit their respective 52-week lows

Mid, SmallCap indices dip 4% each; LIC Housing, IRFC, CG Power tank over 5%

LIC Housing Finance tumbled 5.46% to Rs 710.25 after the company’s standalone net profit shed 1.77% to Rs 1,300.21 crore in Q1 FY25 as against with Rs 1,323.66 crore in Q1 FY24.

LIC Housing drops as Q1 PAT declines YoY to Rs 1,300 crore

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The housing finance company’s standalone net profit shed 1.77% to Rs 1,300.21 crore in Q1 FY25 as against with Rs 1,323.66 crore in Q1 FY24.

LIC Housing Q1 PAT declines YoY to Rs 1,300 crore

LIC Housing Finance consolidated net profit declines 0.96% in the June 2024 quarter

Hasn't fared well - amongst the low performers

Performance

Can be considered moderately valued vs the market

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

LIC Housing Finance Limited is engaged in the housing finance business. The Company provides loans for purchase, construction, repairs and renovation of houses/flats to individuals, corporate bodies, builders and co-operative housing societies.