As per technical view of Mathew Easow of Matheweasow.com, GIC Housing Finance looks attractive at current price and can be bought around 85 levels for short term target of Rs 105. Investors should buy the stock with a closing stop loss of Rs 74.

GIC Housing Finance offers housing loans to individuals and to persons/entities for construction of houses/flats for residential purposes. Home loans market has been buoyant in previous two quarters. The things are looking good for the sector in coming quarters as well. The robust schemes by GIC Housing Finance benefits both aspiring individuals moving up the career ladder and executives approaching their retirement age and the company has a large consumer base.

Based on the current market price, GIC Housing Finance is trading at a P/E of 7.95 and earnings per share of Rs 10.76.

On National Stock Exchange, the stock has touched 52-week high of Rs 89.75 and a low Rs 35.10.