Hold GIC Housing, says Avinnash Gorakssakar

Avinnash Gorakssakar, Market Expert told CNBC-TV18, "One should hold onto GIC Housing for a slightly medium to longer term kind of time horizon. I think definitely all housing finance companies including GIC Housing Finance should do extremely well considering the fact that the coming financial year should be a good one."

"Affordable housing has been a buzz word for the housing sector and our sense is that GIC Housing Finance operated largely in the tier-II, tier-III market. It has got a very strong balance sheet, a very good CASA ratio, plus asset quality levels are good, loan disbursements have been good. So, I think one should hold on."

"One could get a better risk reward ratio if one holds on for the next 12-15 months. Rather than taking a short-term call, I think one should hold on for the next 12 months and then obviously one could get a decent kind of an uptrend from these levels," he added.