Synopsis
LIC Housing Finance saw a 9% decline in its stock in August after a weaker-than-expected June quarter. The company’s net interest income dropped by 10% year-on-year, and net profit decreased by 2%. Analysts have downgraded the FY25/26 earnings per share by 2-4%, indicating challenges ahead.
ET Intelligence Group: The stock of LIC Housing Finance (LICHF) has lost 9% in August so far after a weaker-than-expected June quarter performance amid lower interest income and pressure on net interest margin (NIM). Higher competition and lower yields are likely to restrict short-term prospects. Analysts have downgraded FY25/26 EPS by 2-4%.Life Insurance Corporation of India, the promoter, holds a 45.4% stake in LICHF, institutional investors
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