External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>LIC Housing Finance (LICHF) Q2FY26 earnings were largely in line with our estimates as lower opex was offset by higher credit costs (22bps)</li><li>Loan growth continued to remain subdued (+6% YoY), driven by muted disbursements growth (-1% YoY), and continues to remain an area of concern</li><li>LICHF continues to prioritize margins over loan growth with broadly steady NIMs at 2.62%, although the company has recently tweaked its re-pricing rates in order to arrest the BT-outs, which had spiked in Q2</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

LIC Housing Finance (LICHF) Q2FY26 earnings were largely in line with our estimates as lower opex was offset by higher credit costs (22bps)Loan growth continued to remain subdued (+6% YoY), driven by muted disbursements growth (-1% YoY), and continues to remain an area of concernLICHF continues to prioritize margins over loan growth with broadly steady NIMs at 2.62%, although the company has recently tweaked its re-pricing rates in order to arrest the BT-outs, which had spiked in Q2Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

LIC Housing Finance: Margins Remain Steady, Upgrade to ADD