LIC Housing Finance is a housing finance company which is registered with National Housing Bank (NHB). It is primarily involved in financing the construction or the purchase of residential homes to individuals. It also supplies project finance to developers and issues housing loans.
Stock prices may be influenced by a broad range of factors, such as economic conditions, market trends, company performance, news events, and investor sentiment, and demand for housing and infrastructure, among others. The future of any company, including LIC Housing Finance, will depend on some or all these factors.
That being said, LIC Housing Finance shares have given returns of +18.16% over 3 years, and -12.38% over 1 year.
The housing and development sector is touted to see further growth in the months and years to come, and this may be a deciding factor in the future of LIC Housing Finance shares.