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Business News/ Money / Company Update: LIC Housing Finance
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Company Update: LIC Housing Finance

Company Update: LIC Housing Finance

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Interest rates have softened amidst improved liquidity conditions, LIC Housing Finance (LICHF) has been able to raise funds at sub 7% rate, and we expect NIM to remain firm for FY10.

We had indicated in our previous update that with asset quality concerns having been addressed coupled with superior return ratios will lead to re-rating in the stock.

We have fine-tuned our earnings estimates and have also factored in a lower cost of equity based on this we continue to maintain our ACCUMULATE recommendation on the stock with a revised price target to Rs490 (Rs375 earlier).

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Published: 08 Jun 2009, 10:55 AM IST
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