LIC Housing Finance gains after good Q3 results

LIC Housing Finance rose 1.24% to Rs 537.05 at 15:07 IST on BSE after net profit rose 19.18% to Rs 499.26 crore on 12.42% increase in total income to Rs 3548.71 crore in Q3 December 2016 over Q3 December 2015.

The result was announced during trading hours today, 16 January 2017.

Meanwhile, the BSE Sensex was up 74.71 points, or 0.27%, to 27,312.77.

On the BSE, so far 4.50 lakh shares were traded in the counter, compared with average daily volumes of 2.06 lakh shares in the past one quarter. The stock had hit a high of Rs 541.50 and a low of Rs 531 so far during the day.

The stock hit a record high of Rs 624 on 20 October 2016. The stock hit a 52-week low of Rs 389 on 25 February 2016. The stock had underperformed the market over the past 30 days till 13 January 2017, falling 4.58% compared with the 2.71% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 9.42% as against Sensex's 1.57% decline.

The large-cap company has equity capital of Rs 100.93 crore. Face value per share is Rs 2.

LIC Housing Finance is one of the largest housing finance companies in India.

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