LIC Housing Finance Ltd (NSE: LICHSGFIN) Stock to Buy: The stock market opened flat on Tuesday (27 February). The major indices of the market started with a slight decline.
A slight decline is being recorded in the banking, FMCG, and auto sectors in the market, while there is buying in the IT sector. UltraTech and TCS are top gainers in Nifty. Earlier on Monday, the Sensex had closed 352 points down at 72,790.
In the ups and downs of the market, brokerage firm has made the housing finance sector company LIC Housing a technical pick for the short term.
Nearly half percent strength of LIC Housing was seen in Tuesday’s trading session. The previous day of trading the shares closed at 659 rupees.
LIC Housing: Profit Will Be Made In 2-3 Days
The Brokerage has included LIC Housing in technical picks for 2-3 days. The target has been set at 700 rupees. On February 27, 2024, the share price closed at Rs 659.
This way the upside of 6 percent is visible in the price. The 52-week high for the shares is 669.40 and the lowest is 315.45.
LIC Housing Share Price History
Its performance in LIC Housing shares has been amazing in the last year. The stock has gained more than 88 percent over the past year. In the last six months, Tata Motors has given incredible returns of over fifty percent to investors.
The stock has shown a rise of 44 percent in 3 months. The value of the company’s shares on BSE was Rs 36,389 crore.
About LIC Housing Finance Ltd
LIC Housing Finance Ltd. is one of India’s largest housing finance companies. On 19 June 1990, the Company was founded. LIC of India promoted the company and it went public in 1994.
The Company’s main objective is to provide individuals with long-term financing for the construction or purchase of homes or flats used for residential purposes, or for the repair and renovation of existing houses/flats.
The company also offers finance for existing properties for business or personal needs. It also provides loans for Nursing Homes or Diagnostic Centres or Office Spaces and the purchase of equipment.
The Company opened a representative in Dubai to serve non-resident Indians who live in GCC nations, such as Bahrain, Dubai, Kuwait, Qatar, and Saudi Arabia.
Fundamental Analysis of LIC Housing Finance Ltd
| Market Cap | ₹ 35,526 Cr. |
| Current Price | ₹ 650.45 |
| 52-wk High | ₹ 670 |
| 52-wk Low | ₹ 315 |
| Stock P/E | 7.33 |
| Book Value | ₹ 531 |
| Dividend | 1.29 % |
| ROCE | 7.57 % |
| ROE | 11.1 % |
| Face Value | ₹ 2.00 |
| P/B Value | 1.24 |
| OPM | 90.5 % |
| EPS | ₹ 88.5 |
| Debt | ₹ 2,43,459 Cr. |
| Debt to Equity | 8.33 |
LIC Housing Finance Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 700 | ₹ 720 |
| 2025 | ₹ 743 | ₹ 765 |
| 2026 | ₹ 778 | ₹ 790 |
| 2027 | ₹ 800 | ₹ 821 |
| 2028 | ₹ 831 | ₹ 842 |
| 2029 | ₹ 860 | ₹ 876 |
| 2030 | ₹ 900 | ₹ 922 |
LIC Housing Finance Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 45.24% |
| Mar 2023 | 45.24% |
| June 2023 | 45.24% |
| Sept 2023 | 45.24% |
| Dec 2023 | 45.24% |
| FII Holding | |
| Dec 2022 | 19.32% |
| Mar 2023 | 17.66% |
| June 2023 | 17.15% |
| Sept 2023 | 21.21% |
| Dec 2023 | 21.91% |
| DII Holding | |
| Dec 2022 | 22.74% |
| Mar 2023 | 24.18% |
| June 2023 | 25.03% |
| Sept 2023 | 21.51% |
| Dec 2023 | 21.76% |
| Public Holding | |
| Dec 2022 | 12.70% |
| Mar 2023 | 12.92% |
| June 2023 | 12.56% |
| Sept 2023 | 12.03% |
| Dec 2023 | 11.09% |
LIC Housing Finance Ltd Share: Last 5 Years’ Financial Condition
To better understand how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 17,398 Cr |
| 2020 | ₹ 19,740 Cr |
| 2021 | ₹ 19,886 Cr |
| 2022 | ₹ 19,978 Cr |
| 2023 | ₹ 26,760 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 2,434 Cr |
| 2020 | ₹ 2,404 Cr |
| 2021 | ₹ 2,741 Cr |
| 2022 | ₹ 2,286 Cr |
| 2023 | ₹ 4,869 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 10.45 |
| 2020 | 10.47 |
| 2021 | 10.09 |
| 2022 | 9.03 |
| 2023 | 9 |
Last 10 Years’ Profit Growth:
| 10 Years: | 11% |
| 5 Years: | 8% |
| 3 Years: | 6% |
| Current Year: | 73% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 14% |
| 5 Years: | 13% |
| 3 Years: | 12% |
| Last Year: | 11% |
Sales Growth Over 10 Years:
| 10 Years: | 11% |
| 5 Years: | 9% |
| 3 Years: | 5% |
| Current Year: | 24% |
Conclusion
This article is a complete guide about LIC Housing Finance Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses.
Also, We have discussed the share’s prospects and growth potential in detail.
This information will help you in your further investment.
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