LIC Housing Finance slips after declaring tepid growth in Q3 net profit

LIC Housing Finance fell 1.75% to Rs 454.80 at 13:21 IST on BSE after net profit rose 5.43% to Rs 344.34 crore on 15.12% growth in total income to Rs 2735.78 crore in Q3 December 2014 over Q3 December 2013.

The Q3 result was announced during market hours today, 14 January 2015.

Meanwhile, the S&P BSE Sensex was down 136.15 points or 0.5% at 27,289.58

On BSE, so far 3.73 lakh shares were traded in the counter as against average daily volume of 3.47 lakh shares in the past one quarter.

The stock hit a high of Rs 466.45 and a low of Rs 449.80 so far during the day. The stock had hit a 52-week low of Rs 186.55 on 4 February 2014. The stock had hit a record high of Rs 479.70 on 5 January 2015.

The stock had outperformed the market over the past one month till 13 January 2015, rising 5.81% compared with 0.27% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 44.73% as against Sensex's 3.95% 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. The company has set up a representative office in Dubai and Kuwait to cater to the non-resident Indians in the GLCC countries covering Bahrain, Dubai, Kuwait, Qatar and Saudi Arabia.

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