Buy LIC Hsg Finance; target of Rs 930: India Infoline

ALSO READ See previous views by India Infoline See what other Experts & Brokerages are saying about LIC Housing Fin See messages about LIC Housing Fin LIC Housing Fin BSE | NSE 10/02/12 Are Mutual Funds betting on LIC Housing Fin?

India Infoline has recommended buy rating on LIC Housing Finance with a target of Rs 930, in its November 10, 2009 research report.

 

"On the daily chart, LIC Housing Finance has broken out from a trading range which it followed for the past few months. The stock has been in momentum for the past four trading sessions accompanied with strong volumes. In addition, the stock has also managed to close above the upper Bollinger band. Keeping in mind, the above mentioned technical evidences, we recommend traders to buy the stock in the range of Rs 892-900 for a target of Rs 930. It is advised to maintain a stop loss of Rs 878 on all the long positions," says India Infoline research report.

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