LIC Housing moves up after strong Q1 numbers

LIC Housing Finance rose 2.36% to Rs 182 at 14:07 IST on BSE after net profit jumped 36.34% to Rs 310.50 crore on 23.23% increase in total income to Rs 2177.93 crore in Q1 June 2013 over Q1 June 2012.

The result was announced during trading hours today, 14 August 2013.

Meanwhile, the BSE Sensex was up 91.68 points, or 0.48%, to 19,321.52.

On BSE, 6.93 lakh shares were traded in the counter compared with average volume of 3.84 lakh shares in the past one quarter.

The stock hit a high of Rs 184.70 and a low of Rs 175.55 so far during the day. The stock hit a 52-week high of Rs 300 on 2 January 2013. It hit a 52-week low of Rs 154.40 on 7 August 2013.

The stock had underperformed the market over the past one month till 13 August 2013, sliding 24.31% compared with the Sensex's 3.65% decline. The scrip had also underperformed the market in past one quarter, falling 27.15% as against Sensex's 2.35% fall.

The mid-cap company has an 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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