LIC Housing Finance announces Q3FY17 results, operating income up 13.24%

LIC Housing Finance, which provides real-estate loans, declared its third quarter results for FY17, posting a net profit growth of 19.2% to Rs. 499.2 crore for the quarter ended December 31, 2016, compared to last year. The company's operating income grew 13.2% to Rs. 3512.5 crore.

The stock is seeing high volumes on the news and crossed above its SMA 50 today.