Gruh Finance Ltd: Currently priced at around Rs. 410/- with projected EPS of around Rs 30/- to 40/-. The stock is likely to move to a new price range of Rs. 500/- to Rs. 600/- with in next 8-12 months time. It is likely to be priced around Rs. 800/- in about 2 years time. It operates in niche area of home financing self employed people in Gujarat and moving to other states such as Karnataka etc. It is promoted by same promoters of HDFC Group. Worth buying at current price. Likely to give compounded ROR @25-30% p.a for next 3-5 years.
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The market has fallen by 15% but the script has appreciated to Rs. 482/- as on 30.8.2011. it is likely to give compounded ROR of over 25% over the next 2-3 years.
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