Stock market analysts are of the view that investors can buy GIC Housing Finance Ltd stock to achieve an intraday target between Rs 99-102.

According to them, investors can buy the stock above Rs 97 with a strict stop loss of Rs 95.

Shares of the company, on Thursday (Nov 19), closed at Rs 99.45 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 100.70 and a low of Rs 29.80 on BSE.

Current EPS & P/E ratio of the stock stood at 11.35 & 8.48.

GIC Housing Finance Limited was established with the aim of entering in the arena of direct lending to people and other businesses to speed up the housing activities in the Indian market.

The main business of the company is offering housing loans to those engaged in the business of building residential houses/flats.

GICHFL was promoted by General Insurance Corporation of India and its former divisions such as The New India Assurance Co. Ltd, National Insurance Co. Ltd, United India Insurance Co Ltd and The Oriental Insurance Co Ltd along with Unit Trust of India, ICICI, IFCI, HDFC and State Bank of India, all of them contributing to the initial share capital.

GICHFL has offices in 27 locations including 24 Business Centers & 3 Collection centers in India. Moreover, it has tie-ups with constructors to offer finance to people. It also has tie-ups with businesses for a range of housing finance requirements.