BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Nomura maintains buy on LIC Housing Finance
Mortgages remain a structural story from a growth perspective. With base rate reductions, system mortgage rates has come off but LICHF's yields have remained relatively sticky (down just 5bps from 2HFY15 levels) as more than 50 per cent of LICHF's loan book is fixed rate. Large share of fixed rate loans and increasing share of loan against property will continue to aid margins.