Monday, May 3, 2010

GIC Housing Finance Ltd

Fundamentally company is into a good business of house loans like HDFC, LIC Housing. The growth of the company quarter on quarter is promising. EPS for last financial was 10.5 and for this financial it is going to post EPS of 12-13, and with PE of 9, which is very low compared to industry PE, hence company might be re valuated sooner or later. Book Value is of 65, and hence available at 1.5 time of book value.
Showing strong signals of growth, one can buy for 6 months to 1 year with a target of 150-180/-.

The stock is stabilizing around 95 to give another move upward. Buy and accumulate on dips or at current price for long term investment.
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Important Disclaimer

Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that I consider reliable. I,however,do not vouch for the accuracy or the completeness thereof.This material is for personal information and am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.The stock price projections shown are not necessarily indicative of future price performance.The information herein, together with all estimates and forecasts, can change without notice.