ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Mahindra & Mahindra stock hits 52-week high as brokerages bullish on counter post Scorpio-N launch; check target prices
  • GST Council meet begins today: Know agendas of Finance Minister Nirmala Sitharaman's led two-day meeting
  • Security deposit on commercial LPG connection goes up by Rs 1050 for 19-kg cylinder; check new rates
  • Cash-starved Sri Lanka to end fuel duopoly to ease fuel shortages
  • Xiaomi 12S series set to launch with Leica cameras on July 4: Check key details here
Read in App
Business News » India News

LIC Housing Finance to Equitas Holdings: Top shares to bet on

Edelweiss said while LIC Housing Finance (LICHF)’s performance has been volatile, strong parentage and comfortable liquidity lend it an edge over its peers.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
LIC Housing Finance to Equitas Holdings: Top shares to bet on
Edelweiss said it believed Equitas Holdings' strategy and adequate capital will help rein in execution risks related to its operational ramp-up. Image source: Reuters

The investors have witnessed a massive fluctuation in the share market in the last three trading sessions due to domestic and global factors. BSE Sensex fell from over 37500 level to below Rs 36,500 level in the last three trading sessions, wiping out crores of investors' wealth. Under such a situation, the investors should make informed decisions to minimise the loss. Here are the reports of brokerage Edelweiss on these three stocks: 

LIC Housing Finance (BUY):
Edelweiss said while LIC Housing Finance (LICHF)’s performance has been volatile, strong parentage and comfortable liquidity lend it an edge over its peers. "We believe slackening competition and systemic risk aversion will benefit the company; however, asset quality risk and weak NIM in the current environment need to be monitored. We maintain ‘BUY/SP’."

Growth momentum was broadly in line with the estimate (AUM growth of 17%) with individual segment growth of 15 percent year-on-year (YoY). However, growth in developer's book remained higher at 4 percent quarter-on-quarter (QoQ) (despite stress). Lower NIM (down 19bps QoQ; impact of interest income reversal) trickled to revenue traction. While LICHF’s non-core home loan book continues to grow (23% plus), which is likely to support NIM, the current risk-on environment in real estate segment make us wary of this strategy.

Equitas Holdings (BUY): 
Equitas has been reporting steady core performance (reflected in performance over past few quarters). The brokerage said it believed that the company's strategy and adequate capital will help rein in execution risks related to its operational ramp-up. That said, there are near-term uncertainties with respect to evolving business structure (listing of bank) and requisite regulatory approvals. We maintain ‘BUY/SO’.

eClerx Services (BUY) 
While eClerx Services (eClerx)'s revenue growth remains a challenge, margin may have to find a new normal owing to structural changes in the revenue mix, the brokerage said. "The stock trades at historically low valuation and has INR166/share in cash, rendering risk–reward favourable. We maintain ‘BUY’ with revised TP of INR747 (INR1,259 earlier), 12x Q3FY21E EPS."  
 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
LIC Housing FinanceEquitas Holdings
Written By: Bivekananda Biswas
Edited By: Manas Tiwari
Updated: Tue, Aug 06, 2019
11:08 am
ZeeBiz WebDesk
RELATED NEWS
Buy, Sell or Hold: What should investors do with JSW Holdings, ONGC and LIC Housing Finance? Buy, Sell or Hold: What should investors do with JSW Holdings, ONGC and LIC Housing Finance?
LIC Housing Finance shares jump almost 15% amid robust Q3 earnings; know brokerages view here LIC Housing Finance shares jump almost 15% amid robust Q3 earnings; know brokerages view here
LIC HFL extends lowest home loan offer of 6.66 pc for loans up to Rs 2 cr LIC HFL extends lowest home loan offer of 6.66 pc for loans up to Rs 2 cr
LIC Housing Fin raises over Rs 2,335 cr by issuing preference shares to LIC LIC Housing Fin raises over Rs 2,335 cr by issuing preference shares to LIC
LIC Housing Finance announces preference allotment – check Anil Singhvi’s strategy, why analysts Bullish on the stock, Know target price here LIC Housing Finance announces preference allotment – check Anil Singhvi’s strategy, why analysts Bullish on the stock, Know target price here

LATEST NEWS

Apple iPhone 14 Pro to feature Always-On Display - Check expected launch date, specifications and more

Buy, Sell or Hold: What should investors do with Strides Pharma, MRPL and IEX shares?

GST council clears proposal to remove tax exemptions on some items

Stocks to buy today: Mahindra CIE, Wipro, Shakti Pumps and ICICI Bank among list of 20 stocks for profitable trade on June 29

Amazon Fab Phones Fest: Up to 40% off on smartphones from Apple, Xiaomi, Samsung, Tecno and more

Crude oil prices take a breather after three-day rally

DCGI approves Serum Institute's indigenous mRNA Covid jab Covovax for emergency use between 7-11 years

Wealth Guide: ULIP investments - Advantages explained, myths busted by expert

UPSESSB TGT Recruitment 2022: Last day soon to apply for 3529 TGT posts - Check full detail here

Wealth Guide: National Insurance Awareness Day 2022: Significance, importance of 'Financial Security' - Expert explains

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV