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LIC Housing Finance shares jumped 2.2% in early trade to their day’s high of Rs 532.55 on the BSE on Thursday after the company’s board approved a borrowing plan of Rs 1.23 lakh crore for FY26 through loans, bond issuances, and other instruments.The board, based on the audit committee’s recommendation, approved a total borrowing budget of Rs 1,22,500 crore for the next financial year, the company said in a stock exchange filing.The borrowing will be executed via loans and/or the issuance of redeemable non-convertible debentures, zero-coupon bonds, subordinate debt, upper Tier II bonds, commercial paper, external commercial borrowings, foreign currency bonds, securitization via private placement, public issues, and refinancing from NHB, among other modes.Also Read: Stocks in news: Wipro, IRFC, TCS, Zydus Life, LIC HousingLIC Housing Finance Q3 earningsThe company reported a net profit of Rs 1,432 crore in Q3, a 23.1% increase from Rs 1,163 crore in the same period last year.However, NII came in at Rs 1,997.1 crore, marking a decline of 4.8% from Rs 2,097 crore in Q3 FY24. The company reported a write-back of Rs 43.98 crore, compared to an impairment expense of Rs 435.83 crore in the year-ago period.Also Read: Chip is the new oil! Jefferies expects India to quadruple electronics production to Rs 500 billion by 2030—Key stocks to watchLIC Housing Finance shares target priceAs per Trendlyne data, the average target price of the stock is Rs 717, which shows an upside of 38% from the current market prices. The consensus recommendation from 25 analysts for the stock is a 'Buy'.LIC Housing Finance shares performanceOn Wednesday, LIC Housing Finance shares closed at Rs 521.2, up 3.5% on the BSE, while the benchmark Sensex surged 1%. The stock has declined 26% in the last six months but gained 45% in the last two years. The company’s market capitalization stands at Rs 28,669 crore.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

Benchmark BSE Sensex surged by 740 points while Nifty snapped its 10-day losing streak on Wednesday following value buying in utilities and power shares and a strong trend in global markets.Stocks that were in focus include names like Quadrant Future Tek, which spiked 18% and Varun Beverages, which declined 0.3% and Coforge, whose shares gained 8% on Wednesday.Here's what Riyank Arora, Technical Analyst at Mehta Equities, recommends investors should do with these stocks when the market resumes trading today.Quadrant Future TekQuad Future Tek is trading with strong momentum, with resistance at 550 and support at 475. The stock has been witnessing sustained buying interest, and RSI (14) at 53 indicates continued strength.The momentum suggests a positive bias, and as long as the support holds, the trend is likely to remain intact.Varun BeveragesVBL has shown a strong breakout above the 460 resistance level, indicating bullish momentum. The stock is now approaching resistance at 501, with support at 450 serving as a crucial level.With RSI (14) at 42, the stock maintains a positive outlook, and further upside could be seen if it sustains above key levels.CoforgeCoforge has successfully broken out above the 7715 mark, signaling potential upside toward 8100 and 8300 levels. The stock is witnessing a momentum surge, supported by RSI (14) at 47, reflecting an uptick in buying strength.With strong technical indicators, Coforge remains well-positioned for further gains in the near term.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Ratan Tata's legacy will be celebrated with a special Jewel of India award to be conferred posthumously on the Tata Group patriarch at the 25th edition of the ET Awards for Corporate Excellence.The award is a recognition of the clarity of Tata's vision, sharpness of execution, breadth of impact, and the radiance of his personality, all of which has left an indelible mark on the country and its economy. In a first, the ET Awards jury headed by Reliance Industries chairman Mukesh Ambani unanimously called for a special award to be bestowed on him posthumously in recognition of his contribution to the cause of Indian business. 118743081 The jury members had suggested the name of the award, noting that there was no better way to describe him other than as the Jewel of India. Tata passed away in October last year, aged 86. His key role in helping to nurture and develop India's industry, preparing it for the challenges and opportunities of the 21st century, and taking it global through marquee acquisitions and investments were all noted by the jury.