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Buy LIC Hsg Finance; target of Rs 880: IndiaInfoline

15 Jan 10 12:25 PM
Money Control
IndiaInfoline is bullish on LIC Housing Finance and has recommended buy raitng on the stock with a target of Rs 880, in its Janaury 15, 2010 research report.

"On the weekly chart, LIC Housing Finance is trading around its crucial resistance zone. A move past the level of Rs849, would be considered to be an important bullish signal. The undertone is reasonably strong and is likely to push price higher. The share price has reversed after witnessing a decline for the past few trading sessions. We recommend traders to buy the stock for a target of Rs 880 with a stop loss of Rs 824."