Regular Dividend Paying Stock
- Face value Rs.10 Book Value-71.9 Trailing EPS=12.5 and P/E is 8.4 times
The board of GIC Housing Finance in its meeting on 10 May 2010 has recommended dividend at the rate of Rs. 4.50 per share (45%) for the year 2009-10. With 45% Dividend 4.4% is the Dividend Yield .....GIC HSG holds stakes in a few PSU entity.
Technically the stock is near a weekly breakout and it would be a major move ahead above Rs 108 as the stock would move into new All Time Highs and the stock that moves high moves higher is what Technical Analysis says. Target can be Rs 150 and above in 12-15 months.
