May 21, 2013, 07.11 PM | Source: CNBC-TV18
Sharmila Joshi, Head of Equity of Peerless Securities advised holding LIC Housing Finance. She expects Rs 290-295 levels on the stock in next three-four months.
Sharmila Joshi (more)
, sharmilajoshi.com | Capital Expertise: Equity - Fundamental ,IPO
She further said, “We have had a bit of a positive coming for it in the Budget when you got that extra tax concession for first time house owners and that should reflect in their numbers going ahead. Plus interest rate has gotten cut once, may be you will see another interest rate cut going ahead. So that cycle seems to have peaked. So better results, things are looking up for LIC Housing. Stay put, may be in three-four months expect levels of Rs 290-295.”