LIC Housing stock gets Macquarie upgrade as Q1 profit rises

Published on 10/04/2026 at 12:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

LIC Housing stock traded at INR 509 on October 1, 2026, after a 4.00 percent daily fall. Q1 FY27 net profit reached INR 14.99 billion, up 9.90 percent year over year.

LIC Housing, INE115A01026, Illustration mit AI erstellt.

LIC Housing stock (ISIN INE115A01026) was last at INR 509 on the NSE on October 1, 2026 at 3:15 p.m. IST, down 4.00 percent from the previous close. The key fresh catalyst is a brokerage upgrade, while the latest quarter shows profit growth despite lower revenue.

Macquarie raises the target

As Financial Express reported on September 30, 2026, Macquarie upgraded LIC Housing Finance to Outperform from Neutral and set a price target of INR 660. That target is 29.67 percent above the INR 509 reference price, making the valuation gap the clearest market question after the upgrade.

Macquarie also identified higher borrowing costs and bond yields as risks that could pressure near-term margins. For a housing financier, the spread between funding costs and lending yields matters more than a simple manufacturing-style operating margin.

Profit rises as revenue slips

Univest reported that LIC Housing Finance generated Q1 FY27 revenue of INR 70.83 billion, down 1.43 percent from Q1 FY26, while net profit rose 9.90 percent to INR 14.99 billion from INR 13.64 billion. The combination points to earnings improvement driven by profitability and cost control rather than top-line expansion.

Sequentially, Q1 FY27 revenue was down 0.16 percent from INR 70.94 billion in Q4 FY26, while net profit increased 0.40 percent from INR 14.93 billion. The next quarterly comparison will therefore test whether profit growth can continue while revenue remains close to its recent level.

Stock remains below yearly high

The NSE identifies LIC Housing Finance as a Housing Finance Company in the NIFTY FINANCIAL SERVICES index and lists the equity under ticker LICHSGFIN, according to its NSE profile. Its 52-week range was INR 458.90 to INR 598.20, placing the INR 509 price 14.92 percent below the high and 10.91 percent above the low.

Market capitalization stood at INR 280.0 billion and volume reached 5,985,781 shares on October 1, 2026. The price reaction makes the Macquarie target and the next earnings comparison the two concrete checkpoints for LIC Housing stock.