LIC Housing Finance shares tank over 7% after Q4 results. What should investors do?

LIC Housing Finance’s net profit has witnessed a growth of 5.5% at INR 1,180.3 crores in Q4FY23 compared to the previous year. The company’s NII also rose by 22.1% and stood at INR 1,990.3 crore in the March quarter. Even though LIC Housing Finance’s Q4 revenue has increased by 21.04% at INR 6,415.11 crore, shares plunged by 7.2% to INR 366.8 on BSE intraday trade. According to analysts, LIC Housing Finance stock should be bought, and the company also suggested a dividend of INR 8.50 per equity share for FY23.