LIC Housing Finance inches up amid volatility after strong Q3 numbers

LIC Housing Finance rose 0.16% to Rs 213.35 at 12:21 IST on BSE after net profit surged 38.24% to Rs 326.58 crore on 21.55% growth in total income to Rs 2376.36 crore in Q3 December 2013 over Q3 December 2012.

The Q3 result was announced during trading hours today, 16 January 2014.

Meanwhile, the S&P BSE Sensex was down 50.90 points or 0.24% at 21,238.59.

On BSE, so far 4.74 lakh shares were traded in the counter as against average daily volume of 3.69 lakh shares in the past one quarter.

The stock was volatile. The stock rose as much as 1.36% at the day's high of Rs 215.90 so far during the day. The stock lost as much as 0.46% at the day's low of Rs 212 so far during the day. The stock had hit a 52-week high of Rs 290.20 on 4 February 2013. The stock had hit a 52-week low of Rs 152 on 4 September 2013.

The stock had outperformed the market over the past one month till 15 January 2014, advancing 7.47% compared with the Sensex's 2.77% rise. The scrip had also outperformed the market in past one quarter, surging 5.84% as against Sensex's 3.61% rise.

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 having one of the widest networks of offices across the country and representative offices at Dubai & Kuwait.

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