GIC Housing hits target of 450. Stock rallies 50% in a month. Will you hold?
We had initiated a buy above 303 and the stock is trading at 450 now. Stock has done a vertical rally. Corrections can be stronger. Hold with previous day low as stop-loss and continue holding.
Just sit and enjoy the rally. Stock is still fundamental cheap at 17x pe. Expect some new rally after consolidation.
Stock can consolidate near 430. SL 400. TARGET 500. 1 month.
DHFL looks cheap fundamentally. Expect fresh move in the stock. Recommendation will be provided separately.
Lic Housing and HDFC are top picks in large cap. Bullish positional trades can be placed.
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