LIC Housing Finance

HEM Securities has maintianed buy rating on LIC Housing Finance with target price of Rs 522 implying upside potential of approx 86% in its January 23, 2008 report. "The company with its strong expansion plan intends to achieve 20% portfolio growth on a year to year basis, both through project financing and individual disbursement. The company also intends to effectively deploy marketing executives into the market with a view to achieve the projected growth figure. The stock at the current market price of Rs 280 is trading 6.64 times to its earnings and 1.31 times to its book value and is expected to provide huge upside potential in medium to long term. Therefore we are initiating ‘BUY’ signal on the stock with the target price of Rs 522 which is approximately 86% up from the current market price of Rs 280," according to HEM Securities report