New Delhi: Shares of LIC Housing Finance Limited jumped 2.69 per cent in early trade today. It is currently trading at Rs 416.40 per share on BSE. Its 52-week high is Rs.443.50 and low is Rs.302 on BSE. Its volume has increased by more than 1.02 times. The Sensex today opened above 63,500 with a gain of 0.1%, while the Nifty gained 0.9% to reach above the 18,800 mark. LIC Housing Finance Limited is a housing finance company registered with the National Housing Bank. The company gives loans to people to buy and construct houses. Also finances the developers. The company offers Loan Against Property, Lease Rental Discounting for commercial properties. Along with this, it also gives loans to buy commercial showrooms and shops. In the fourth quarter of the financial year 2023, the company’s total revenue was Rs 6,431 crore with a growth of 20.70 percent. During this period, the company’s profit before tax stood at Rs 1,453 crore, which is 10.57% higher than the March quarter last year. The company’s net profit increased by 6.91 per cent to Rs 1,191 crore. Talking about the last financial year, the net sales of the company stood at Rs 22,714 crore with a growth of 13.69 per cent. During this period, the company’s profit before tax increased by 27.22 percent to Rs 3,561 crore. Compared to last year, the company’s net profit increased by 26.46 percent to Rs.2891 crore. During this period the company has given handsome dividend to its investors. The company is continuously paying a dividend of 17.4 per cent. The company’s shares have gained 35 per cent in the last one year and are showing strong buying activity.
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