LIC Housing Finance Ltd. share price target

LIC Housing Finance (LIC Housing) reported earnings growth for the seventeenth straight quarter, albeit at a slower pace. Earnings were in line with expectations. Net interest income was up by 63%. The housing finance company maintained momentum on the credit front....

LIC Housing Finance reported a healthy business growth. Sanctions registered a 51% growth to Rs 5348crore. Disbursements at Rs 3392 crore also registered a healthy pace of about 40%. Loan book growth, however, registered a downtick at 36.8% as against 37.6% at the end of March 2010. A low sequential growth was offset by robust growth in nine month preceeding the June quarter. The downtick comes amidst an increased competitive environment in the mortgages market....

was established in 1989 by LIC along with participatory interest by UTI, ICICI and IFCI. The company provides housing loans to individuals and corporate bodies. The company is also engaged in the home equity space. LIC Housing is a distant second player among housing finance companies in India. The company operates a network of about 120 area and camp offices. LIC...

LIC Housing Finance (LIC Housing) maintained its growth path for the twelfth straight quarter. Earnings growth was healthy, albeit at a slower pace. Profit after tax stood was reported at Rs 124 crore. Net interest income continued to drive earnings growth. Loan book growth continued to grow at a faster pace. As compared to an average of 21% over the preceeding 12 quarters loan book...

Market meltdown in 2008 lays rest to plans.. Earlier in the second half of FY08, LIC Housing Finance (LIC Housing) had obtained board approval for preferential placement of 84 lakh shares (10% equity dilution). The shares were to be placed at Rs 410 a piece with an overseas corporate and LIC. The market...