Offer LIC Housing Finance, target Rs 470: Manas Jaiswal

INSUBCONTINENT EXCLUSIVE:
Manas Jaiswal of manasjaiswal.com has a sell call on LIC Housing Finance Ltd
with a target price of Rs 470
The current market price of LIC Housing Finance Ltd
is Rs 490.2
Time period given by the analyst is Intra Day when LIC Housing Finance Ltd
price can reach defined target
Manas Jaiswal recommended to keep stoploss at Rs 501
LIC Housing Finance Ltd., incorporated in 1989, is a largecap company with a market cap of Rs 24738.58 crore. LIC Housing Finance Ltd
key Products/Revenue Segments include Interest which contributed Rs 13876.71 Crore to Sales Value (99.21 % of Total Sales) and Processing
Fees Service Charges which contributed Rs 110.23 Crore to Sales Value (0.78 % of Total Sales)for the year ending 31-Mar-2017
For the quarter ended 31-03-2018, the company has reported a Standalone sales of Rs 3900.95 Crore, up 4.36 % from last quarter Sales of Rs
3738.10 Crore and up 7.08 % from last year same quarter Sales of Rs 3642.87 Crore Company has reported net profit after tax of Rs 539.33
Crore in latest quarter
Mr.T V Rao, Mr.V K Kukreja, Mr.V K Sharma, Mr.Vinay Sah, Ms.Savita Singh, Ms.Usha Sangwan
Company has Shah Gupta Co
as its auditoRs As on 31-03-2018, the company has a total of 504,663,000 shares outstanding