LIC Housing - Q4FY13 Result Preview - Angel Broking

LIC Housing is expected to announce its 4QFY2013 results. NII is expected to increase by 16.0% yoy to Rs. 470cr, while non-interest income is expected to come in at Rs. 25cr, a decline of 5.5% yoy. Provisioning expenses are expected to come in at Rs. 32cr. PAT is expected to increase moderately by 7.8% yoy to Rs. 274cr. The stock is currently trading at a valuation of 1.6x FY2014E P/ABV and 1.4x FY2015E P/ABV.

We recommend an Accumulate rating on the stock with a Target Price of Rs. 253.

Source : Equity Bulls

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