LIC Housing Finance has target of Rs 1150: Daga

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LIC Housing Finance has target of Rs 1150: Daga

Varun Daga, Founder & CEO of Varundaga.Com has a long term target of Rs 1150 on LIC Housing Finance.

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Excerpts from Midcap Radar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Varun Daga 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?

Varun Daga, Founder & CEO of Varundaga.Com has a long term target of Rs 1150 on LIC Housing Finance .

Daga told CNBC-TV18, "In the past LIC Housing moved from Rs 300 to Rs 900 very smartly. It was one of the first leaders to breakout when the whole rally started in March and after that at Rs 900 the stock consolidated very well - sideways for 3 months to Rs 700 and again we are seeing some kind of volume buying happening. So I am hoping that the stock breaks the Rs 900 level and we have a long term target of Rs 1150 on the stock.

Disclosure: Analyst is holding LIC housing for a long term plan.