GIC Housing Finance may touch Rs 200-225, says Kunal Bothra

Kunal Bothra of LKP told CNBC-TV18, "GIC Housing Finance over the last one and half months was in a range of Rs 160-170. The moment it broke Rs 170-172 band, it has been on a flyover in the last one week or so. I believe it is more to do with the longer term chart patterns what GIC Housing is showing and it is a good sign at least from a positional perspective."

"The level of Rs 200-225 for GIC Housing is a possibility given a time frame of at least three months. Stoploss could be as conservative as Rs 175 in it," he added.