lic housing finance: LIC Housing Finance’s near-term outlook a challenge

lic housing finance: LIC Housing Finance’s near-term outlook a challenge

ET Intelligence Group: The stock of LIC Housing Finance (LICHF) has lost 9% in August so far after a weaker-than-expected June quarter performance amid lower interest income and pressure on net interest margin (NIM). Higher competition and lower yields are likely to restrict short-term prospects. Analysts have downgraded FY25/26 EPS by 2-4%.Life Insurance Corporation of India, the promoter, holds a 45.4% stake in LICHF, institutional investors
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Source: https://economictimes.indiatimes.com/markets/stocks/news/lic-housing-finances-near-term-outlook-a-challenge/articleshow/112695913.cms?from=mdr