We are pleased to inform you that our Value Pick stock of Oct 2016 - GIC Housing Finance Ltd (BSE Code: 511676, NSE Code: GICHSGFIN) which was released on 14th Nov'16 is giving as on date returns of 90% to our Value Picks members in period of 6 months. Our team suggested Buy on GIC Housing at price of Rs. 291.45 on 14 Nov'16 with a target price of Rs. 425.
GIC Housing Finance has already achieved our target price and we suggest our members to continue to hold it. Stock made its 52 week high of Rs. 557 today and closed at Rs. 551.15 giving absolute returns of 89.1% to our Value Picks members within period of 6 months.
GIC Housing Finance reported its Mar'17 quarter results on 27th April, net profits of the company rose 29.94% to Rs. 46.61 crore as against Rs. 35.87 crore in March 2016. Sales rose 14.12% to Rs. 266.02 crore in the quarter ended March 2017 as against Rs. 233.10 crore during the previous quarter ended March 2016.
Note: This report is shared only for the purpose of information and not an investment advice. Kindly carry out your own due diligence in case of investment in GIC Housing Finance Ltd.
- 60% at current market price of 291.45
- 40% at price range of 240-265 (in case of correction in stock price in near term)
The stocks we reveal through Hidden Gems & Value Picks are companies that either under-researched or not covered by other stock brokers and research firms. We keep on updating our members on our past recommendation suggesting them whether to hold / buy or sell stocks on the basis of company's performance and future outlook.
Add power to your equity portfolio by investing in best of small and mid cap stocks - Hidden Gems and Value Picks. Its our mission to ensure that you reap the best returns on your investment, our objective is not only to grow your investments at a healthy rate but also to protect your capital during market downturns. Avail attractive discounts by subscribing out our combo packs, click here for details.