Sell LIC Housing Finance, target Rs 390: Manas Jaiswal

INSUBCONTINENT EXCLUSIVE:
Manas Jaiswal of manasjaiswal.com has a sell call on LIC Housing Finance Ltd
with a target price of Rs 390
The current market price of LIC Housing Finance Ltd
is Rs 420.6
Time period given by the analyst is Intra Day when LIC Housing Finance Ltd
price can reach the defined target
Manas Jaiswal recommended to keep stoploss at Rs 436
LIC Housing Finance Ltd., incorporated in 1989, is a largecap company with a market cap of Rs 21226.13 crore. LIC Housing Finance Ltd
key Products/Revenue Segments include Interest which contributed Rs 14825.96 Crore to Sales Value (99.10 % of Total Sales) and Processing
Fees Service Charges which contributed Rs 133.70 Crore to Sales Value (0.89 % of Total Sales)for the year ending 31-Mar-2018
For the quarter ended 30-09-2018, the company has reported a Standalone sales of Rs 4198.22 Crore, up 4.46 % from last quarter Sales of Rs
4018.95 Crore and up 13.85 % from last year same quarter Sales of Rs 3687.42 Crore Company has reported net profit after tax of Rs 573.16
Crore in latest quarter
Mr.V K Kukreja, Mr.V K Sharma, Mr.Vinay Sah, Ms.Savita Singh
Company has Shah Gupta Co
as its auditoRs As on 30-09-2018, the company has a total of 504,663,000 shares outstanding.