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Stock Recommendations and Market Insights by narnolia is a document available to read on EtoBox.

What is Stock Recommendations and Market Insights about?

The report provides a "BUY" recommendation for LIC Housing Finance Ltd. with a target price of Rs. 637 based on its 3Q FY17 results. Key points include: - LIC Housing reported steady loan growth of 15% YoY and improved margins, with NIM expanding 17 bps YoY to 2.75% due to a decline in cost of funds. - Operating expenses grew 16% YoY mainly due to higher employee costs, but the company maintained its cost to income ratio at 14.8%. - Asset quality remained stable with marginal improvement in GNPA and NNPA r

Author

narnolia

Language

EN