Our Recommendations:Buy NTPC @ 200, Long term target 300-350 || Buy Elecon Engineering @ 200, One Year Target 300-325 ||Buy Prakash Industries @ 180. One year Target 300.Target Achvd ||Ashapura Mine @ 375 . One year Target 580.||Yes Bank, Target 240. Target Achvd ||Powergrid ,Target=160.Target Achvd||

Wednesday, November 7, 2007

Mahurat Buy

Our pick for Mahurat buy is LIC Housing Finance Ltd.

LIC Housing Finance Ltd is one of the largest housing finance companies
in India having network of 115 offices across the country.The Company was
promoted by Life Insurance Corporation in 1989.

Net profit for the Q2 showed a growth of 53 %.
The Company's total Income for the second quarter grew at 37 %.
There was a decline in the NPA's of company and it stood at 1.65 % as of September 2007.

We are already seeing an EPS of around 20 as per half yearly results.
Looking at the PE commanded by its compatriot like HDFC we definitely think that we will get a rerating on this scrip.

Buy @ 335 . Long term Target 600.
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