LIC Housing Share Price: Sell LIC Housing Finance, Target Price Rs 333.6: ICICI Direct

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ICICI Direct has a sell call with a target price of Rs 333.6. The current market price of . is Rs 336.6. The time period given by the analyst is intraday when the price of LIC Housing Finance Ltd. can achieve the set goal.

LIC Housing Finance Ltd., incorporated in 1989, is a large capitalization company (having a market capitalization of Rs 18501.37 Crore) operating in the NBFC sector.

The main products/revenue segments of LIC Housing Finance Ltd. include interest, fee and commission income and financial services income for the year ending March 31, 2021.

finance

For the quarter ended 31-03-2022, the company reported consolidated total revenue of Rs 5336.48 Crore, up 5.08% from last quarter, total revenue of Rs 5078.68 Crore and up up 7.16% from the same quarter last year, total revenue of Rs 4979.91 Crore. The company reported a net profit after tax of Rs 1113.75 Crore last quarter.

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Investment rationale
The price remains in a downtrend, forming a lower low, suggesting further downward momentum over the next few sessions



Promoter/Fii Holdings
The promoters held 45.24% of the company’s capital as of March 31, 2022, while the FIIs held 23.03% and the DIIs 16.24%.

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