LIC Housing Finance shares up 9 percent

By SiliconIndia   |   Monday, March 29, 2010   |    1 Comments
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Bangalore: After having a healthy trading throughout the day LIC Housing Finance emerged as one of the top gainers with a gain of Rs. 69.90 (8.57 percent). During the day the company traded in the range of Rs. 815.55 - 893.90 with trades of 1,338,535 shares. The company has P/E ratio of 13.78. LIC Housing Finance is an India-based company. The company is engaged in the business of providing loans for purchase, construction, repairs and renovation of houses/flats to individuals, corporate bodies, builders and co-operative housing societies and has its operations within India. The company's subsidiaries include LICHFL Care Homes, which is engaged in the business of setting up, running and maintaining assisted living community centre/ care homes for senior citizens; LICHFL Financial Services, which is engaged in the business of marketing various financial products and services; LICHFL Asset Management Company, which is engaged in business of managing, advising, administering mutual funds, unit trusts, investment trusts and to act as financial and investment advisors and render financial advisory services, and LICHFL Trustee Company, which acts as a trustee to venture capital trusts and funds. With 2,239,999 units of shares HDFC Top 200 Fund holds the largest number of shares in LIC Housing Finance. Other housing finance companies also ended the day on high note with GIC Housing Finance and IND Bank Housing gaining 2.09 and 2.90 percent, respectively. Out of 13 stock analysts following LIC Housing Finance, the consensus recommendation is hold, while four recommended to buy the stock.
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