LIC Housing Finance gains after good Q4 earnings

LIC Housing Finance rose 0.62% to Rs 483.80 at 14:46 IST on BSE after net profit rose 18.46% to Rs 448.01 crore on 14.45% increase in total income to Rs 3273.94 crore in Q4 March 2016 over Q4 March 2015.

The result was announced during trading hours today, 18 April 2016.

Meanwhile, the BSE Sensex was up 163.16 points, or 0.64%, to 25,789.91 .

On BSE, so far 3.70 lakh shares were traded in the counter, compared with an average volume of 1.67 lakh shares in the past one quarter. The stock hit a high of Rs 490 and a low of Rs 479.70 so far during the day. The stock hit a 52-week high of Rs 526 on 6 August 2015. The stock hit a 52-week low of Rs 389 on 25 February 2016. The stock had outperformed the market over the past one month till 13 April 2016, rising 4.01% compared with 3.68% rise in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 1.76% as against Sensex's 3.11% rise.

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

LIC Housing Finance's net profit rose 19.81% to Rs 1660.79 crore on 15.62% increase in total income to Rs 12485.45 crore in the year ended March 2016 over the year ended March 2015.

On a consolidated basis, the company's net profit rose 19.50% to Rs 1667.69 crore on 15.46% increase in total income to Rs 12502.57 crore in the year ended March 2016 over the year ended March 2015.

LIC Housing Finance is a housing finance company. LIC of India holds 40.31% stake in the firm as at 31 March 2016.

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