Powered by: Motilal Oswal

News

RBI MPC reaction : Good news for property buyers to take the plunge when sentiments are benign by Shri. Tribhuwan Adhikari, LIC Housing Finance Below the quote on today’s RBI MPC announcement by Shri. Tribhuwan Adhikari, MD & CEO of LIC Housing Finance    “As widely anticipated, RBI in today’s monetary policy has maintained a status quo for the third time with rates steady at 6.5%. This ensures that a stable rate environment is here to stay for some more time.  India's consumption story remains strong, and the festive season ahead will add further buoyancy to the realty ma...
RBI MPC reaction : Good news for property buyers to take the plunge when sentiments are benign by Shri. Tribhuwan Adhikari, LIC Housing Finance
RBI MPC reaction : Good news for property buyers to take the plunge when sentiments are benign by Shri. Tribhuwan Adhikari, LIC Housing Finance
Source: PR Agency
10/08/2023 4:42:25 PM
LIC Housing Finance Ltd. announces its Q1 FY2024 results The Board of Directors of LIC Housing Finance Ltd. (BSE:500253; NSE: LICHSGFIN) announced its unaudited results for the first quarter ended on June 30, 2023, following its approval by the Board of Directors in a meeting held in Mumbai on August 03, 2023.   The results are as per the Indian Accounting Standards i.e., IndAS notifications issued by the   Ministry of Corporate ...
LIC Housing Finance Ltd. announces its Q1 FY2024 results
LIC Housing Finance Ltd. announces its Q1 FY2024 results
Source: PR Agency
4/08/2023 1:01:05 PM
LIC Housing Finance zooms on reporting 42% rise in Q1 consolidated net profit LIC Housing Finance is currently trading at Rs. 416.55, up by 22.65 points or 5.75% from its previous closing of Rs. 393.90 on the BSE. The scrip opened at Rs. 392.85 and has touched a high and low of Rs. 422.20 and Rs. 392.60 respectively. So far 316998 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 443.50 on 15-Sep-2022 and a 52 week low of Rs. 315.45 on 28-Mar-2023. Last one week high and low of the scrip st...
LIC Housing Finance zooms on reporting 42% rise in Q1 consolidated net profit
LIC Housing Finance zooms on reporting 42% rise in Q1 consolidated net profit
Source: Accord Fintech
4/08/2023 11:32:33 AM
Shri. Tribhuwan Adhikari takes over as COO of LIC Housing Finance Ltd Shri. Tribhuwan Adhikari has assumed charge as the new Chief Operating Officer of LICHFL with effect from June 22, 2023. Prior to this assignment, he was posted as Additional Director at Zonal Training Center, Eastern Zone, Kolkata.   Shri Tribhuwan Adhikari, a Direct Recruit of the 17th Batch joined LIC of India in September 1989. During his career in LIC, spanning more than 3 decades he has worked all over the country and has been posted in West Bengal, Bihar, Uttar Pradesh, Utta...
Shri. Tribhuwan Adhikari takes over as COO of LIC Housing Finance Ltd
Shri. Tribhuwan Adhikari takes over as COO of LIC Housing Finance Ltd
Source: PR Agency
27/06/2023 5:52:51 PM
Analysis-HDFC Bank-HDFC merger set to shake up debt funding for non-bank borrowers The merger of Housing Development Finance Corp and HDFC Bank is set to shake up the debt fundraising market for non-bank financiers in India as the exit of a large borrower will leave investors searching for other options, at least six mutual fund managers said. The void left by HDFC could benefit other housing finance companies, which will now be able to borrow funds at a lower cost as supply diminishes even though demand for such debt remains steady, they told Reuters. A $40-billion m...
Analysis-HDFC Bank-HDFC merger set to shake up debt funding for non-bank borrowers
Analysis-HDFC Bank-HDFC merger set to shake up debt funding for non-bank borrowers
Source: Reuters
23/06/2023 5:32:32 PM
Stock Picks : Bharat Electronics Ltd and LIC Housing Finance Ltd By ICICI Direct Bharat Electronics Ltd Buy Bharat Electronics Ltd @119.50-120 CMP 120.35; Target 121.40; Stop Loss 118.90   LIC Housing Finance Ltd Sell LIC Housing Finance Ltd @366-367 CMP 364.00; Target 362.00; Stop Loss 368.80   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registratio...
Stock Picks : Bharat Electronics Ltd and LIC Housing Finance Ltd By ICICI Direct
Stock Picks : Bharat Electronics Ltd and LIC Housing Finance Ltd By ICICI Direct
Source: ICICI Direct
12/06/2023 10:58:45 AM
Buy LIC Housing Finance Ltd For Target Rs. 470 - Yes Securities Positive surprise on NIM; disbursements growth was weak LIC HF delivered substantial earnings beat (PAT of Rs11.8bn v/s est. Rs8bn) driven by sharp NIM expansion and lower provisions, while portfolio growth was in-line with expectation. The large sequential margin expansion of ~50 bps was caused by steep improvement in portfolio yield and measured increase in CoF. The lower credit cost was aided by reduction in Stage-3 assets (partly caused by collections & recoveries) and decrease in ...
Buy LIC Housing Finance Ltd For Target Rs. 470 - Yes Securities
Buy LIC Housing Finance Ltd For Target Rs. 470 - Yes Securities
Source: Yes Securities Ltd
29/05/2023 2:41:42 PM
LIC Housing Finance Ltd. announces its FY2023 results. The Board of Directors of LIC Housing Finance Ltd. (BSE:500253; NSE: LICHSGFIN) announced its standalone audited results for the fourth quarter ended on March 31, 2023, following its approval by the Board of Directors in a meeting held in Mumbai on May, 16th , 2023. Performance highlights at a glance – Q4 FY2023 Performance highlights for the quarter ended March 31, 2023 Total disbursements were at Rs.16027 crs in Q4 FY2023, as against Rs 19315 crs for the corresp...
LIC Housing Finance Ltd. announces its FY2023 results.
LIC Housing Finance Ltd. announces its FY2023 results.
Source: PR Agency
17/05/2023 12:29:18 PM
View On RBI MPC announcement reaction By Y. Viswanatha Gowd, LIC Housing Finance Below is on RBI MPC announcement reaction By Mr. Y. Viswanatha Gowd, MD & CEO of LIC Housing Finance “Keeping repo rates the same is a welcome decision. This may put to rest the anxiety amongst the borrowers that emanated with the EMI increase consequent to a series of repo rate hikes.  Today’s move sends a positive signal and improves the sentiments. We expect the real estate along with other sectors to build up on this as it has come at the beginning of the...
View On RBI MPC announcement reaction By Y. Viswanatha Gowd, LIC Housing Finance
View On RBI MPC announcement reaction By Y. Viswanatha Gowd, LIC Housing Finance
Source: PR Agency
6/04/2023 3:12:37 PM
Stock Picks : Coal India Ltd and LIC Housing Finance Ltd By ICICI Direct Coal India Ltd Buy Coal India Ltd  @ 221-222 CMP 224.80 Stop Loss 218.80 Target 225.30     LIC Housing Finance Ltd Buy Housing Finance Ltd @353-354 CMP 355.00 Stop Loss 356.70 Target 348.50     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ0001...
Stock Picks : Coal India Ltd and LIC Housing Finance Ltd By ICICI Direct
Stock Picks : Coal India Ltd and LIC Housing Finance Ltd By ICICI Direct
Source: ICICI Direct Ltd
10/03/2023 10:04:24 AM
Stock Picks : Reliance Industries Ltd And LIC Housing Finance Ltd By ICICI Direct Reliance Industries (RELIND) Buy Reliance Industries Ltd CMP 2378.10; Initiation Range 2368-2372; Target 2398.00 ; Stop Loss 2354.00 Rationale Falling channel breakout and price rebounding after taking support at previous low signalling resumption of up move Daily candlestick chart   LIC Housing Finance (LICHF) Sell LIC Housing Finance CMP 371.40; Initiation Range 372.50-373.50; Target 367.80; Stop Loss 376.20 Rationale Price breakdown below last t...
Stock Picks : Reliance Industries Ltd And LIC Housing Finance Ltd By ICICI Direct
Stock Picks : Reliance Industries Ltd And LIC Housing Finance Ltd By ICICI Direct
Source: ICICI Direct Ltd
15/02/2023 11:19:21 AM
Buy LIC Housing Finance Ltd For Target Rs. 450 - Yes Securities ECL enhancement hide healthy operating performance LIC Housing’s substantial earnings miss (PAT of Rs4.8bn v/x Rs7.9bn) was purely driven by buffer provisions made which was reflected in improvement of Stage-3 ECL coverage. NII and PPOP were 5% ahead of estimates, despite marginally lower than estimated loan growth (3% qoq/10% yoy), on full recovery of the NIM decline witnessed during Q2 FY23. Stage 2/3 assets were flat qoq in absolute terms, an improved trend versus H1 FY23, reflect...
Buy LIC Housing Finance Ltd For Target Rs. 450 - Yes Securities
Buy LIC Housing Finance Ltd For Target Rs. 450 - Yes Securities
Source: Yes Securities Ltd
10/02/2023 2:39:46 PM
LIC Housing Finance Ltd announces its Q3 FY2023 results Mumbai: The Board of Directors of LIC Housing Finance Ltd. (BSE: 500253; NSE: LICHSGFIN) announced its un-audited results for the third quarter ended on December 31, 2022, following its approval by the Board of Directors in a meeting held in Mumbai on February 06, 2023. The results are as per the Indian Accounting Standards i.e., Ind AS notifications issued by the Ministry of Corporate Affairs and National Housing Bank in April 2018. Performance Highlights at a glance - Q3 FY 2023 ...
LIC Housing Finance Ltd announces its Q3 FY2023 results
LIC Housing Finance Ltd announces its Q3 FY2023 results
Source: PR Agency
7/02/2023 1:50:17 PM
Post Budget Reaction : Budget priorities reinforce the support to government`s `Aatmanirbharta` mission Says Y. Viswanatha Gowd, LIC Housing Finance Below is Post Budget Comment By Mr. Y. Viswanatha Gowd, MD & CEO of LIC Housing Finance “The Budget has a clear progressive intent via the 7 Priorities of Budget 2023 as India enters into ‘Amrit Kaal’.  The priorities  reinforce the  support to government’s 'Aatmanirbharta' mission, by focusing on Inclusive development, Youth Power, Infrastructure and investment, Financial Sector, and women empowerment. The raise in CAPEX by 33% is pro...
Post Budget Reaction : Budget priorities reinforce the support to government`s `Aatmanirbharta` mission Says Y. Viswanatha Gowd, LIC Housing Finance
Post Budget Reaction : Budget priorities reinforce the support to government`s `Aatmanirbharta` mission Says Y. Viswanatha Gowd, LIC Housing Finance
Source: PR Agency
2/02/2023 4:14:13 PM
LIC Housing Finance loans turns costlier Housing loans from LIC Housing Finance Ltd have turned costly with the company hiking its prime lending rate (PLR) by 35 basis points (bps) effective from Monday. According to LIC Housing, PLR is the benchmark rate to which the interest rate on its loans is linked. The new interest rates on home loans will now start from 8.65 per cent. The new rates will be effective from Monday, December 26, the company said. "The increase in rates is in tune with the market conditions. Despite...
LIC Housing Finance loans turns costlier
LIC Housing Finance loans turns costlier
Source: IANS
26/12/2022 5:30:39 PM
LIC HFL revises its LIC Housing Prime Lending Rate (LHPLR) by 35 bps LIC Housing Finance Ltd (LIC HFL), a leading Housing Finance Company in India, has increased the LIC Housing Prime Lending Rate (LHPLR) by 35 basis points. LHPLR is the benchmark rate to which the interest rate on LIC HFL's loans is linked.  The new interest rates on home loans will now start from 8.65%. The new rates will be effective from today, 26th December 2022.  Commenting on this lending rate revision, MD & CEO Shri Y. Viswanatha Gowd said, “Th...
LIC HFL revises its LIC Housing Prime Lending Rate (LHPLR) by 35 bps
LIC HFL revises its LIC Housing Prime Lending Rate (LHPLR) by 35 bps
Source: PR Agency
26/12/2022 2:54:14 PM
Stock Picks - Titan Ltd and LIC Housing Finance Ltd By ICICI Direct Titan Ltd Buy Titan Ltd @ 2480-2485 CMP 2483.05 Stop Loss 2463.70 Target 2511.00   LIC Housing Finance Ltd Buy LIC Housing Finance Ltd @ 399-400 CMP 395.05 Stop Loss 403.30 Target 395.20   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   ...
Stock Picks - Titan Ltd and LIC Housing Finance Ltd By ICICI Direct
Stock Picks - Titan Ltd and LIC Housing Finance Ltd By ICICI Direct
Source: ICICI Direct
26/12/2022 11:34:05 AM
Buy LIC Housing Finance Ltd For Target Rs. 470 - JM Financial Institutional Securities Weak quarter; keeping the faith In 2QFY23, LICHF delivered a muted PAT of INR 3.1bn (-67% QoQ/ +23% YoY), driven by tepid NII (-28% QoQ/ flat YoY). Interest income was impacted (INR 2.75bn) by re-pricing of fixed-rate loans to the floating rate to retain high quality customers. Additionally, Project loans with high yields (12-13%) declined by INR 7.2bn QoQ, which led to a loss of ~INR 950mn in interest income. Operating profit was at INR 9.4bn (-35% QoQ/ flat YoY). Further, higher elevated...
Buy LIC Housing Finance Ltd For Target Rs. 470 - JM Financial Institutional Securities
Buy LIC Housing Finance Ltd For Target Rs. 470 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
9/12/2022 11:25:07 AM
The rate hike seems like a calculated call by the RBI and is on expected lines Says Mr. Y. Viswanatha Gowd, LIC Housing Finance Below View On RBI Monetary policy by Mr. Y. Viswanatha Gowd, MD & CEO, LIC Housing Finance “The rate hike seems like a calculated call by the RBI and is on expected lines. Today’s increase in rates will be benign as far as equated monthly instalments (EMIs) of home loans are concerned. The fact remains that the Indian economy is faring better than most major economies and therefore I expect good buoyancy to remain prevalent in the real estate sector"   ...
The rate hike seems like a calculated call by the RBI and is on expected lines Says Mr. Y. Viswanatha Gowd, LIC Housing Finance
The rate hike seems like a calculated call by the RBI and is on expected lines Says Mr. Y. Viswanatha Gowd, LIC Housing Finance
Source: PR Agency
7/12/2022 4:48:38 PM
Buy LIC Housing Finance For Target Rs. 450 - Emkay Global Financial Services Earnings miss on lower margins and higher credit costs * LIC Housing Finance (LICHF) reported Q2FY23 PAT of Rs3.05bn, much below consensus and our estimates, primarily driven by adverse asset-mix changes and higher-thanexpected opex and credit costs. Disbursements grew 10.4% QoQ/4.2% YoY, led by individual-loan disbursement growth of 24.7% sequentially. However, developer-loan disbursements saw a sharp decline of ~80% QoQ. AUM grew 2.6% QoQ/10.4% YoY. In terms of the asset mix, the share o...
Buy LIC Housing Finance For Target Rs. 450 - Emkay Global Financial Services
Buy LIC Housing Finance For Target Rs. 450 - Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd.
3/11/2022 2:22:34 PM
LIC Housing Finance gains on reporting 25% rise in Q2 consolidated net profit LIC Housing Finance is currently trading at Rs. 368.50, up by 1.60 points or 0.44% from its previous closing of Rs. 366.90 on the BSE. The scrip opened at Rs. 365.00 and has touched a high and low of Rs. 371.50 and Rs. 363.70 respectively. So far 182197 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 443.50 on 15-Sep-2022 and a 52 week low of Rs. 291.75 on 20-Jun-2022. Last one week high and low of the scrip sto...
LIC Housing Finance gains on reporting 25% rise in Q2 consolidated net profit
LIC Housing Finance gains on reporting 25% rise in Q2 consolidated net profit
Source: Accord Fintech
3/11/2022 12:32:21 PM
LIC Housing Finance Ltd announces its Q2 FY2023 results Q2 FY2022-23 profit after tax at Rs. 304.97 crs, up by 23% Y-o-Y Net interest income for the quarter is Rs. 1163 crs Q2 Individual home loan disbursements at Rs. 14300 crs Outstanding loan portfolio is Rs. 262336 crs, up by 10 % Mumbai : The Board of Directors of LIC Housing Finance Ltd. (BSE:500253; NSE: LICHSGFIN) announced its unaudited results for the second quarter ended on September 30, 2022, following its approval by the board of directors in a meeting h...
LIC Housing Finance Ltd announces its Q2 FY2023 results
LIC Housing Finance Ltd announces its Q2 FY2023 results
Source: PR Agency
2/11/2022 12:45:25 PM
LIC Housing Finance increases lending rate by 50 bps LIC Housing Finance Ltd (LIC HFL) has increased the LIC Housing Prime Lending Rate (LHPLR), the benchmark rate to which the interest rate on its loans are linked, by 50 basis points. Commenting on this lending rate revision, MD & CEO Y. Viswanatha Gowd said: "Interest rate hike is in line with the prevailing market condition. We expect this trend to stabilise soon. We are taking care to price our products adequately so that the EMI outgo for our customers remains reasonable. We ar...
LIC Housing Finance increases lending rate by 50 bps
LIC Housing Finance increases lending rate by 50 bps
Source: IANS
1/10/2022 10:16:03 AM
RBI Monetary Policy: The encouraging growth in the consumption pattern By Mr. Y. Viswanatha Gowd, LIC Housing Finance Below is the RBI MPC announcement reaction By Mr. Y. Viswanatha Gowd, MD & CEO of LIC Housing Finance “RBI's hike in the repo rate by 50 bps is on expected lines and can be considered a well-measured decision. It is with the clear intention to safeguard the economy from any adverse implication out of the ongoing global financial turmoil. India's economy continues to show resilience and looks promising despite the disruptions. The encouraging growth in the consumption...
RBI Monetary Policy: The encouraging growth in the consumption pattern By Mr. Y. Viswanatha Gowd, LIC Housing Finance
RBI Monetary Policy: The encouraging growth in the consumption pattern By Mr. Y. Viswanatha Gowd, LIC Housing Finance
Source: PR Agency
30/09/2022 3:22:54 PM
Axis Top Picks For The Week : Mahindra Holidays & Resorts India Ltd, PCBL Ltd, Pidilite Industries Ltd, LIC Housing Finance Ltd Mahindra Holidays & Resorts India Ltd • On the weekly time frame the stock has decisively broken out one year “consolidation range” breakout at 275 levels on a closing basis . This breakout is accompanied with huge volumes indicating increased participation • The stock is well placed above 20, 50, 100 and 200 day SMA’s which reconfirms bullish trend • On the daily and the weekly time frame, the stock is in strong up trend forming a series of highe...
Axis Top Picks For The Week : Mahindra Holidays & Resorts India Ltd, PCBL Ltd, Pidilite Industries Ltd, LIC Housing Finance Ltd
Axis Top Picks For The Week : Mahindra Holidays & Resorts India Ltd, PCBL Ltd, Pidilite Industries Ltd, LIC Housing Finance Ltd
Source: Axis Securities Ltd
5/09/2022 10:37:02 AM
LIC Housing Finance hike prime lending rate by 50 basis point LIC Housing Finance increased its Prime Lending Rate by 50 basis points on Monday. With this the new interest rates on home loans will now start from 8 per cent as against 7.50 per cent earlier. The new rates will be effective from Monday. The move was inline with the central bank, which hiked repo rate by 50 basis points in the recent monetary policy to tame inflation that is hovering above the upper tolerance band for consecutive months. "As expected, the RBI's decision to...
LIC Housing Finance hike prime lending rate by 50 basis point
LIC Housing Finance hike prime lending rate by 50 basis point
Source: IANS
22/08/2022 2:31:06 PM
Corporate bond issuances rise over 16% on-month in July Issuances of corporate bonds rose more than 16 per cent month-on-month in July to Rs 58,452 crore due to softening of yields on these instruments. According to the data from Prime database showed, banks and companies raised Rs 58,452 crore in July, as against Rs 50,099 crore in June. Since the beginning of this calendar year, issuances remained highest in month of March, with companies raising Rs 81,580 crore. Of the total amount raise in July, Housing Development Finance Corp (HDFC) ra...
Corporate bond issuances rise over 16% on-month in July
Corporate bond issuances rise over 16% on-month in July
Source: IANS
10/08/2022 3:58:16 PM
Reaction on RBI MPC By Mr. Y. Viswanatha Gowd, LIC Housing Finance Reaction on RBI MPC By Mr. Y. Viswanatha Gowd, MD & CEO of LIC Housing Finance “The repo rate hike by 50 basis points to 5.4% is closely in line with the expectations. RBI’s decision is well measured and abreast with the global economic trend. The repo rate hike will cause some minimum fluctuation in the EMIs or the tenure on the home loans but demand for housing will remain robust.”   Above views are of the author and not of the website kindly re...
Reaction on RBI MPC By Mr. Y. Viswanatha Gowd, LIC Housing Finance
Reaction on RBI MPC By Mr. Y. Viswanatha Gowd, LIC Housing Finance
Source: PR Agency
6/08/2022 12:57:02 PM
Buy LIC Housing Finance Ltd For Target Rs 372 - Motilal Oswal Financial Services A mixed bag as earnings beat, but yields decline; asset quality deterioration needs explanation * LICHF reported a PAT of INR9.25b (~18% beat), up 5x YoY, but down 17% QoQ, led by contained operating expenses (CIR of ~12%) and lower than estimated credit costs of INR3.1b (est. INR4.5b). * Asset quality exhibited deterioration, with GS3/NS3 increasing by ~30bp QoQ each to 5%/3%. This can perhaps be explained by slippages from the restructured pool, which led to a cumulative increase...
Buy LIC Housing Finance Ltd For Target Rs 372 - Motilal Oswal Financial Services
Buy LIC Housing Finance Ltd For Target Rs 372 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
5/08/2022 5:59:22 PM
India`s LIC Housing Finance accepts bids on bond issue – dealers  India's LIC Housing Finance has accepted bids worth 20 billion rupees ($254.30 million) on its bonds maturing in one year, three-month and 13 days, three merchant bankers said on Tuesday. The non-banking finance company will pay an annual coupon of 6.8975%, and had invited bids from bankers and investors earlier in the day, they said. The bonds of the company are rated AAA by CRISIL and the issue will close for subscription on Wednesday. The issue will mature on Nov. 16, 20...
India`s LIC Housing Finance accepts bids on bond issue – dealers
India`s LIC Housing Finance accepts bids on bond issue – dealers
Source: IANS
2/08/2022 3:38:12 PM
LIC HFL launches My Home, My Freedom offer to commemorate 75th Independence Day LIC Housing Finance Ltd. (LIC HFL), a leading Housing Finance company in India, has launched a special offer to mark the 75th year of India’s Independence being celebrated as Azadi ka Amrit Mahotsav.  Under the offer, the rate of interest for individual home loans up to Rs.15 crores will be at 7.50% for borrowers having CIBIL score of 750 and more. This special offer is available for both salaried and self-employed category of customers.  The offer is applicable for home loans...
LIC HFL launches My Home, My Freedom offer to commemorate 75th Independence Day
LIC HFL launches My Home, My Freedom offer to commemorate 75th Independence Day
Source: PR Agency
2/07/2022 4:38:10 PM
LIC Housing Finance surges on buzz of planning to step up project finance lending LIC Housing Finance is currently trading at Rs. 374.70, up by 4.70 points or 1.27% from its previous closing of Rs. 370.00 on the BSE. The scrip opened at Rs. 371.00 and has touched a high and low of Rs. 376.05 and Rs. 369.05 respectively. So far 100953 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 542.35 on 11-Jun-2021 and a 52 week low of Rs. 321.20 on 07-Mar-2022. Last one week high and low of the scrip sto...
LIC Housing Finance surges on buzz of planning to step up project finance lending
LIC Housing Finance surges on buzz of planning to step up project finance lending
Source: Accord Fintech
23/05/2022 2:16:17 PM
Key News - LIC Housing Finance Ltd, Hinduja Leyland Finance Ltd, Tata Motors Ltd, Prestige Group, By ARETE Securities Key News LIC Housing Finance plans to expand project loan business in FY23 With an upturn in the real estate cycle, LIC Housing Finance plans to step up project finance lending and increase the share of such disbursements to 10 per cent in 2022-23 (FY23), from the present-day 5 per cent. On the project loan side, in the first half of 2021-22 (FY22), activities were not in full swing. Also, business was impacted by the third wave in the second half of FY22. Now the business environmen...
Key News - LIC Housing Finance Ltd, Hinduja Leyland Finance Ltd, Tata Motors Ltd, Prestige Group, By ARETE Securities
Key News - LIC Housing Finance Ltd, Hinduja Leyland Finance Ltd, Tata Motors Ltd, Prestige Group, By ARETE Securities
Source: ARETE Securities Ltd
23/05/2022 10:05:49 AM
Update on LIC Housing Finance Ltd by Motilal Oswal Strong earnings beat led by NIM expansion; improvement in asset quality driving lower credit costs * LICHF reported a PAT of INR11.2b (~50% beat), up ~46% QoQ, led by an allround beat on NII (up 13% QoQ, 8% beat), OPEX (up 21% QoQ, inline), and lower credit costs, which declined 46% QoQ to INR1.9b (est. INR3.9b). PAT fell ~17% YoY to INR22.8b in FY22. * The overall loan book rose by ~8% YoY and 3% QoQ. Home loans, particularly, grew 13% YoY and 4% QoQ. Muted loan growth relative to o...
Update on LIC Housing Finance Ltd by Motilal Oswal
Update on LIC Housing Finance Ltd by Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
20/05/2022 12:04:50 PM
Buy LIC Housing Finance Ltd For Target Rs.500 - Yes Securities Improved outlook on NIM and Asset Quality Our view LIC HF delivered a better-than-expected performance in Q4 FY22 with NII/PPOP/PBT beat of 12%/14%/22%. Notably, this performance was aided by material NIM expansion (largely driven by CoF decline) and lower credit cost (underpinned by 15%/5% qoq reduction in Stage-2/Stage-3 assets). Collection efficiency was strong through the quarter (March at 99%) and there were significant NPL recoveries in builder/high-value loan segments. Stage-2 EC...
Buy LIC Housing Finance Ltd For Target Rs.500 - Yes Securities
Buy LIC Housing Finance Ltd For Target Rs.500 - Yes Securities
Source: Yes Securities Ltd
20/05/2022 11:57:48 AM
LIC Housing Finance Q4 net profit zooms 180.42% at Rs 1118.64 cr The company reported standalone net profit of Rs 1,118.64 crore for the quarter ended March 31, 2022 as compared to Rs 398.92 crore in the same period last year, registering a year-on-year growth of 180.42 per cent. Net revenue of the company rose moderately by 6.68 per cent at Rs 5,299.66 crore in January-March quarter of this fiscal as against Rs 4,967.69 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 64.53 per cent to Rs 428.21 c...
LIC Housing Finance Q4 net profit zooms 180.42% at Rs 1118.64 cr
LIC Housing Finance Q4 net profit zooms 180.42% at Rs 1118.64 cr
Source: Dion Global Solutions Ltd
19/05/2022 11:25:46 AM
LIC Housing Finance Ltd announces its Q4 FY2022 results Q4 FY2021-22 Profit after tax at Rs 1118.64 crs, up by 180% Net interest income for the quarter is Rs 1637.49 crs, up by 9% FY22 Individual Home Loan Disbursements at Rs 53662 crs. up by 14% Outstanding loan portfolio is Rs 251120 crs. Individual Home Loan portfolio is Rs 204230 crs. up by 13%. The Board proposes a dividend of 425 % The Board of Directors of LIC Housing Finance Ltd. (BSE:500253; NSE: LICHSGFIN) announced its audited results for the fourth quarter ended on&nb...
LIC Housing Finance Ltd announces its Q4 FY2022 results
LIC Housing Finance Ltd announces its Q4 FY2022 results
Source: PR Agency
19/05/2022 9:07:41 AM
LIC Housing Finance Ltd revises its rates for loan products LIC Housing Finance Ltd (LIC HFL), one of India’s largest Housing Finance companies, has revised the rate of interest for its loan products on the back of the Reserve Bank of India’s (RBI) announcement on 4 th May 2022, revising the repo rate. Accordingly, LICHFL has revised its rates of interest upwards across retail loan product categories. The new interest rate on home loans starts from 6.9% with effect from 13 th May 2022. Commenting on this interest rate revision, MD &...
LIC Housing Finance Ltd revises its rates for loan products
LIC Housing Finance Ltd revises its rates for loan products
Source: PR Agency
14/05/2022 4:03:48 PM
Reaction on RBI MPC by Mr. Y. Viswanatha Gowd, LIC Housing Finance Below is Reaction on RBI MPC by Mr. Y. Viswanatha Gowd, MD & CEO, LIC Housing Finance “With visible signs of normalization coming back and the Reserve Bank of India (RBI) consecutively keeping the repo rate unchanged, there will be the sustenancemoni of demand for the housing loan market. The announcement regarding the rationalization of risk weights for individual housing loans which will be extended till March 31, 2023, is great news for lenders and will ensure credit flow to t...
Reaction on RBI MPC by Mr. Y. Viswanatha Gowd, LIC Housing Finance
Reaction on RBI MPC by Mr. Y. Viswanatha Gowd, LIC Housing Finance
Source: PR Agency
8/04/2022 3:43:20 PM
LIC Housing Finance and Common Services Centers partner to offer loan facility  LIC Housing Finance Ltd, one of the largest Housing Finance companies in India, and Common Services Centers have entered in a strategic partnership to provide loan facility to citizens through the network of over four lakh Village Level Entrepreneurs (VLEs). Through the partnership, VLEs will be able to provide a range of loan services of LIC Housing Finance like home loans; loans for serving or retired employees who are entitled to pension; residential plot loan; Griha Suvidha for p...
LIC Housing Finance and Common Services Centers partner to offer loan facility
LIC Housing Finance and Common Services Centers partner to offer loan facility
Source: PR Agency
3/03/2022 10:50:47 AM
High Conviction Idea : Buy LIC Housing Finance Ltd For Target Rs.575 - Centrum Broking Business overview As at Q3FY22, LICHF had advances book of Rs255bn. Loan mix is individual housing (80.5%), retail LAP/LRD (13.7%), and developer (5.8%). Borrowing mix is NCD (54.3%), Banks (27.4%), deposits (8.4%), NHB (4.2%) and CP & others (5.6%). CAR/CET-1 is healthy at 17.0%/15.6%. Branch network stands at 282.   Investment thesis Sovereign holding and salaried share at 80%+ has led to highest credit rating of CRISIL AAA, which has enabled easier access to cheaper fu...
High Conviction Idea : Buy LIC Housing Finance Ltd For Target Rs.575 - Centrum Broking
High Conviction Idea : Buy LIC Housing Finance Ltd For Target Rs.575 - Centrum Broking
Source: Centrum Broking Ltd
23/02/2022 4:15:45 PM
Perspective on RBI MPC announcement By Shri. Y. Viswanatha Gowd, LIC Housing Finance. Below the perspective on RBI MPC announcement By Shri. Y. Viswanatha Gowd, MD & CEO of LIC Housing Finance. “As the housing sales across major cities are at an all-time high, the unchanged policy rates will continue to invoke a sense of optimism for home and property buyers. The policy rates have remained unchanged for the 10th time in a row, and we expect the low home loan interest rate regime to continue for some more time. All this augurs well for the sector and will...
Perspective on RBI MPC announcement By Shri. Y. Viswanatha Gowd, LIC Housing Finance.
Perspective on RBI MPC announcement By Shri. Y. Viswanatha Gowd, LIC Housing Finance.
Source: LIC Housing Finance
10/02/2022 2:22:27 PM
Buy LIC Housing Finance Ltd For Target Rs.550 - Emkay Global Earnings beat on higher NIMs; provision cover improves * LIC Housing (LICHF) reported Q3 earnings of Rs7.6bn (+5.5% yoy), much above our estimate of Rs5.7bn and consensus estimate of Rs4.7bn. The earnings beat was driven by higher-thanexpected NIMs and lower credit costs. The sequential improvement in NIMs was aided by the absence of interest reversals (due to restructuring) and the re-pricing of the liability back book. Lower gross stage 2/3 assets, along with higher ECL provisions, shoul...
Buy LIC Housing Finance Ltd For Target Rs.550 - Emkay Global
Buy LIC Housing Finance Ltd For Target Rs.550 - Emkay Global
Source: Emkay Global Financial Services Ltd
4/02/2022 9:37:37 AM
Stock Picks - Havells India Ltd and LIC Housing Finance​​​​​​​ Ltd By ICICI Direct Havells India Buy Havells India Ltd @ 1390.00-1393.00 CMP 1392.45 TGT 1415.00 SL 1378.70   LIC Housing Finance Buy LIC Housing Finance Ltd @ 367.50-368.50 CMP 365.70 TGT 361.50 SL 371.30   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants are for information...
Stock Picks - Havells India Ltd and LIC Housing Finance​​​​​​​ Ltd By ICICI Direct
Stock Picks - Havells India Ltd and LIC Housing Finance​​​​​​​ Ltd By ICICI Direct
Source: ICICI Direct
30/12/2021 12:14:42 PM
LIC Housig Finance gains on opening remodeled back office in Guwahati LIC Housing Finance is currently trading at Rs. 382.95, up by 0.80 points or 0.21% from its previous closing of Rs. 382.15 on the BSE. The scrip opened at Rs. 385.00 and has touched a high and low of Rs. 385.00 and Rs. 378.60 respectively. So far 53622 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 542.35 on 11-Jun-2021 and a 52 week low of Rs. 334.50 on 22-Dec-2020. Last one week high and low of the scrip stoo...
LIC Housig Finance gains on opening remodeled back office in Guwahati
LIC Housig Finance gains on opening remodeled back office in Guwahati
Source: Accord Fintech
6/12/2021 12:32:01 PM
Hold LIC Housing Finance Ltd For Target Rs.447 - ICICI Securities Volatility, uncertainty captured in valuations and underperformance LIC Housing Finance’s (LICHF) Q2FY22 performance once again exhibited volatility. This quarter, it was due to erratic NIM movement (down further 20bps to 2%) and retirement benefit provisions of Rs470mn. Else, asset quality and growth was encouraging: 1) Stage-2&3 improved 100bps / 80bps to 4.42% / 5.14% respectively. Incremental OTR 2.0 restructuring too was capped at <1%. 2) Provisioning coverage was enhance...
Hold LIC Housing Finance Ltd For Target Rs.447 - ICICI Securities
Hold LIC Housing Finance Ltd For Target Rs.447 - ICICI Securities
Source: ICICI Securities
18/11/2021 11:40:14 AM
Stock Picks - Tech Mahindra Ltd and LIC Housing Finance​​​​​​​ Ltd By ICICI Direct Tech Mahindra Buy Tech Mahindra Ltd @ 1591.00-1595.00 CMP 1599.55 TGT 1619.00 SL 1578.70   LIC Housing Finance Sell LIC Housing Finance Ltd @ 413.00-415.00 CMP 414.75 TGT 410.10 SL 418.10   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants are for informatio...
Stock Picks - Tech Mahindra Ltd and LIC Housing Finance​​​​​​​ Ltd By ICICI Direct
Stock Picks - Tech Mahindra Ltd and LIC Housing Finance​​​​​​​ Ltd By ICICI Direct
Source: ICICI Direct
17/11/2021 11:26:17 AM
Stock Picks - Aditya Birla Fashion and Retail Ltd and LIC Housing Finance​​​​​​​ Ltd By ICICI Direct Aditya Birla Fashion and Retail Buy Aditya Birla Fashion and Retail Ltd @ 255.00-256.00 CMP 256.10 TGT 260.50 SL 252.90   LIC Housing Finance Sell LIC Housing Finance Ltd @ 406.00-408.00 CMP 404.55 TGT 403.10 SL 411.10   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all ...
Stock Picks - Aditya Birla Fashion and Retail Ltd and LIC Housing Finance​​​​​​​ Ltd By ICICI Direct
Stock Picks - Aditya Birla Fashion and Retail Ltd and LIC Housing Finance​​​​​​​ Ltd By ICICI Direct
Source: ICICI Direct
29/10/2021 11:02:40 AM