LIC Housing Finance is currently trading at Rs. 285.65, up by 0.45 points or 0.16% from its previous closing of Rs. 285.20 on the BSE.
The scrip opened at Rs. 288.90 and has touched a high and low of Rs. 288.95 and Rs. 284.60 respectively. So far 44702 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 300.00 on 02-Jan-2013 and a 52 week low of Rs. 228.30 on 23-May-2012.
Last one week high and low of the scrip stood at Rs. 290.15 and Rs. 272.05 respectively. The current market cap of the company is Rs. 14509.06 crore.
The promoters holding in the company stood at 40.31% while Institutions and Non-Institutions held 45.64% and 13.90% respectively.
Barely hours after RBI lowered short-term interest rate by 0.25 percent, LIC Housing Finance, hinted at the possibility of reducing lending rates on home loans. At present, LIC Housing Finance's interest rate on home loans stands at 10.25% per annum while its Prime Lending Rate (PLR) is 14.4%.
To support an economy set for its slowest growth in a decade, Reserve Bank of India (RBI), in ‘Third Quarter Review of Monetary Policy 2012-13’, went ahead and slashed repo rate by 25 basis points to 7.75 per cent against 8 per cent earlier. What came as a pleasant surprise to the street, was the reduction in cash reserve ratio (CRR) of scheduled banks by 25 basis points from 4.25 per cent to 4.0 per cent of their net demand and time liabilities (NDTL) effective the fortnight beginning February 9, 2013, a move that would release around Rs 18,000 crore of primary liquidity into the banking system.
LIC holds 40.31% stake in LIC Housing Finance while, institutional investors, both foreign and domestic together, are holding 41.47% shares, others hold 18.22% share.
| Company Name | CMP |
|---|---|
| LIC Housing Finance | 582.60 |
| Housing & Urban Dev. | 236.85 |
| Bajaj Housing Financ | 125.60 |
| Sammaan Capital | 149.50 |
| PNB Housing Finance | 842.35 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Limited to the first 10 users today!
Practical Stock Investing Hand Book
By - Raymond Moses
Founder of MoneyWorks4Me | Consultant | Trainer | Author | TEDx Speaker
Register & Get Instant Access!Don't miss out! First 10 users today get it FREE
With this 4 hrs Masterclass, you’ll be able to:
Download APP
