The document recommends buying shares of GIC Housing Finance for short-term gains over 90 days. It provides analysis showing the stock's current price and target price indicate a potential 16.7% upside. Charts compare the stock's performance to the Nifty index over the last year. The analysis also gives the stock's quarterly financial results and resistance/support levels. It bases the recommendation on technical analysis and disclaims any responsibility for investment decisions made based on the recommendation.

1. BUY TO SELL STOCKS FOR SHORT TERM GAINS
18th
May 2014
GIC HOUSING FINANCE BUY POTENTIAL UPSIDE: 16.7%
CURRENT MARKET PRICE: 131.15 TARGET PRICE: 153.00
BSE Code 511676 Market Cap (Crores) 704.91
NSE Code GICHSGFIN P/E 7.23
Book Value 113.36 EPS 18.11
Face Value 10 Dividend Yield % 4.58
STOCK RECOMMENDATION

2. 15% @ 90 DAYS – MAY 2014
- 2 - SARAL GYAN CAPITAL SERVICES
Comparative Chart (Last 1 Year)
GIC Housing Finance & Nifty:
Nifty: 17% GIC Housing Finance: 12%
Stock Resistance and Support:
1st
Resistance – 142 1st
Support – 122
2nd
Resistance – 150 2nd
Support – 115

3. 15% @ 90 DAYS – MAY 2014
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Financials at a Glance:
Quarterly Results of GIC Housing Finance (Rs. In Millions)
Particulars Mar 2014 Dec 2013 Sep 2013 Jun 2013
Audited / UnAudited UA UA UA UA
Net Sales 1640.90 1584.90 1544.80 1478.60
Total Expenditure 197.70 167.10 173.90 164.90
PBIDT (Excl OI) 1443.20 1417.80 1370.90 1313.70
Other Income 0 0 0 0
Operating Profit 1443.20 1417.80 1370.90 1313.70
Interest 1095.90 1088.60 1029.80 978.20
Exceptional Items 0 0 0 0
PBDT 347.30 329.20 341.10 335.50
Depreciation 5.40 5.10 5.10 4.90
Profit Before Tax 341.90 324.10 336.00 330.60
Tax 92.90 87.70 88.90 87.60
Provisions and contingencies 0 0 0 0
Profit After Tax 249.00 236.40 247.10 243.00
Extraordinary Items 0 0 0 0
Prior Period Expenses 0 0 0 0
Other Adjustments 0 0 0 0
Net Profit 249.00 236.40 247.10 243.00
Equity Capital 538.50 538.50 538.50 538.50
Face Value (IN RS) 10 10 10 10
Reserves
Calculated EPS 4.62 4.39 4.59 4.51
Calculated EPS (Annualised) 18.50 17.56 18.35 18.05
No of Public Share Holdings 31604240.00 31604240.00 31604240.00 31591740.00
% of Public Share Holdings 58.69 58.69 58.69 58.67

4. 15% @ 90 DAYS – MAY 2014
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Basis of Recommendation:
i) Technical Analysis
Disclaimer:
Important Notice: Saral Gyan Capital Services is an Independent Equity Research Company.
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