Buy LIC Housing Finance, target Rs 570: Sharekhan
ETMarkets.com|
Mar 06, 2018, 08.05 AM IST
Sharekhan has a buy call on LIC Housing Finance with a target price of Rs 570.
The current market price of LIC Housing Finance is Rs 513.40.
Time period given by the brokerage firm is one month when LIC Housing Finance price can reach defined target.
Sharekhan recommended to keep stop loss at Rs 499.
LIC Housing Finance, incorporated in the year 1989, is a Large Cap company (having a market cap of Rs 25,909.40 Crore) operating in Finance sector.
"LIC Housing Finance is a substantially beaten down stock. However, the counter now looks poised for a descent bounce back in the short term. The psychological mark of 500 is acting as a strong support & is inducing fresh buying interest in the stock. The short term momentum indicators have also turned bullish," Sharekhan said in a report.
The current market price of LIC Housing Finance is Rs 513.40.
Time period given by the brokerage firm is one month when LIC Housing Finance price can reach defined target.
Sharekhan recommended to keep stop loss at Rs 499.
LIC Housing Finance, incorporated in the year 1989, is a Large Cap company (having a market cap of Rs 25,909.40 Crore) operating in Finance sector.
"LIC Housing Finance is a substantially beaten down stock. However, the counter now looks poised for a descent bounce back in the short term. The psychological mark of 500 is acting as a strong support & is inducing fresh buying interest in the stock. The short term momentum indicators have also turned bullish," Sharekhan said in a report.
Read this article in :Hindi
