0 GICHSGFIN share price target reports by brokerages below. See what is analyst's view on GICHSGFIN share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
The stock currently trades at 1.3x FY19 BV (8.8x FY19e EPS of Rs 30.63) and 1.2x FY20 BV (7.1x FY20e EPS of Rs 37.90). According to ICRA, as disbursements in Q4FY19 are expected to remain muted for some large HFCs, housing credit growth is likely to be in the range of 13%-15% in FY19, and would increase marginally to 14%-16% in FY20, provided the liquidity conditions in the market ease out. With some revival of the sector, we expect GICHFL’s loan book to grow by 15.4% and 16.0% in FY19 and FY20 respectively. Its focus on mid-income group with average ticket size of Rs 15 lacs bodes well, given a gamut of initiatives introduced by GOI to boost affordable housing. Given the recent liquidity crisis, NII would grow at a CAGR of 6.0% during FY18-20. NIMs would stand at 2.9% and 3.1% in FY19 and FY20 respectively. Weighing odds, we assign ‘buy’ rating on the stock with target price of Rs 349 (previous target Rs 529) based on 1.5x FY20e BV for a period of 9-12 months.
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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