India, Feb. 19 -- The company, which is a housing finance company registered with the National Housing Bank (NHB) and is mainly engaged in financing the purchase/construction of residential flats/houses for individuals and project finance for developers, had its shares in focus after the company had received a target with a positive outlook from CITI.

With a market cap of Rs 29,000 crore, the shares of LIC Housing Finance Ltd gained 2 per cent in today's trading session and reached a high of Rs 532.9. When compared to its previous day's closing price of Rs 521.95, the shares are trading at a PE of 5.28 compared to its industry PE of 14.1.

CITI on LIC Housing Finance Ltd The broking house, Citi, has given a Buy rating to LIC Housing Fina...