LIC Housing Finance surges on good numbers

DALAL STREET SPIKES

LIC Housing Finance surged 8.61 per cent to Rs 257.35 after it reported a 124 per cent YoY growth in net profit to Rs 104.66 crore in the June quarter. The sales rose 33.7 per cent YoY to Rs 605.4 crore for the same period. The stock opened at Rs 240 and made an intraday high/low of Rs 261/Rs 233.

The counter witnessed trading volumes of 8,37,360 shares against the two-week average of 3,78,320 shares. The stock hit a 52-week high of Rs 402.90 on December 11, 2007 and a 52-week low of Rs 174.50 on August 23, 2007.