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LIC Housing Finance firms up on getting CRISIL 'AAA' rating for its NCD issue

19 Aug 2011 Evaluate

LIC Housing Finance is currently trading at Rs 204.70, up by 1.35 points or 0.66% from its previous closing of Rs 203.35 on the BSE.

The scrip opened at Rs 202.00 and has touched a high and low of Rs 212.00 and Rs 197.10 respectively. So far 148200 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 299.30 on 29-Sep-2010 and a 52 week low of Rs 150.40 on 20-Jan-2011.

Last one week high and low of the scrip stood at Rs 216.00 and Rs 197.10 respectively. The current market cap of the company is Rs 9716 crore.

The promoters holding in the company stood at 36.54% while Institutions and Non-Institutions held 47.67% and 15.79% respectively.

Credit rating agency, CRISIL has assigned its ‘AAA/Stable’ rating to the Rs 10,000 crore non-convertible debenture (NCD) issue of LIC Housing Finance and has reaffirmed its ratings on LIC Housing’s other debt programmes and bank facilities at ‘AAA/FAAA/Stable/CRISIL A1+’.

The ratings continue to reflect the support that company receives from its largest shareholder, Life Insurance Corporation of India (LIC), which is, by far, India’s largest player in the life insurance space. The ratings also reflect the company’s diversified resource profile, comfortable capitalization, and adequate earnings profile. These rating strengths are partially offset by the threat to LIC Housing’s market position because of intense competition in the housing finance segment.

The Company’s net profit for the quarter ended June 30, 2011 surged by 20.98% at Rs 256.50 crore as compared to Rs 212.02 crore for the quarter ended June 30, 2010. Its total Income increased by 39.73% to Rs 1418.18 crore for the quarter from Rs 1014.930 crore for the corresponding quarter of the previous year.

LIC Housing Finance Share Price

537.25 2.40 (0.45%)
17-Apr-2026 13:02 View Price Chart
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