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advises users to check with certified experts before taking any investment decisions. Survive unsuccessful attempts and try to achieve the highest goals. Retain BUY with 12m PT of Rs470.įor all recommendations report, click hereĭisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. The mountain peaks are already at your complete disposal today. While valuation is undemanding at 0.7x FY25 P/ABV, a significant re-rating would be contingent on more confidence around growth and asset quality. Though home loan disbursements were weaker than expected (growth was weaker than peers too), the portfolio growth came in-line due to reduction in prepayments/BT Out. The lower credit cost was aided by reduction in Stage-3 assets (partly caused by collections & recoveries) and decrease in its coverage. Say goodbye to paper coupons and hello to smoother check-out.
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Integrating Cartwheel, the well-known coupon collecting app from a few years back, you can now select a deal and have the cashier instantly scan the bar code on your phone or tablet. The large sequential margin expansion of ~50 bps was caused by steep improvement in portfolio yield and measured increase in CoF. The Target app is all about saving you money and getting you the products you want at lower costs. Rs8bn) driven by sharp NIM expansion and lower provisions, while portfolio growth was in-line with expectation.
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LIC HF delivered substantial earnings beat (PAT of Rs11.8bn v/s est.
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YES Securities' research report on LIC Housing Finance
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