What Anil Singhvi makes of LIC Housing Finance Q4 results

LIC Housing Finance Q4 results, LIC Housing Finance dividend, LIC Housing Finance share price NSE: LIC Housing Finance shares suffered sharp losses on Wednesday, a day after the housing financier reported its financial results for the quarter ended March 2023 and announced a dividend. LIC Housing Finance shares, traded on the bourses with the symbol LICHSGFIN, fell by as much as Rs 28.3 or more than seven per cent to Rs 366.8 apiece on BSE.  

LIC Housing Finance Q4 results,  LIC Housing Finance dividend 203 

After market hours on Tuesday, the company reported a 5.5 per cent increase in net profit to Rs 1,180.3 crore for the three-month period. The mortgage lender's revenue was Rs 6,415.11 crore for the quarter ended March 2023 compared to Rs 5,299.66 crore in the same quarter last year. 

LIC Housing Finance’s board recommended a dividend of Rs 8.5 per equity share. 

What Anil Singhvi makes of LIC Housing Finance Q4 results 

Zee Business Managing Editor Anil Singhvi said that the reported numbers were fine, “not great, not bad”. He pointed out that the company's net interest margin hit a multi-year high.  The company reported improvement in credit cost and asset quality but its loan disbursements were “slightly weak”, he said.  

LIC Housing Finance shares: Should you buy, sell or hold? 

• CLSA maintained a ‘buy’ call on LIC Housing Finance after the company’s earnings announcement. The brokerage raised its target price by Rs 30 to Rs 550.  
• Jefferies also continued with a ‘buy’ rating, with a target price of Rs 500.   
• Morgan Stanley retained an ‘underweight’ call on the stock with a target price of Rs 320. 
• Citi continued with a ‘sell’ though with a Rs 10 raise in the target price to Rs 360. 

LIC Housing Finance shares: Past performance 

LIC Housing Finance shares have grown almost five per cent in the past one year, as of May 17, as against a 12 per cent increase in the Nifty 50 headline index. 

Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com