Gruh Finance Ltd: Currently priced at around Rs. 650/- with projected EPS of around Rs 30/- to 40/-. The stock has moved to a new price range of Rs. 600/- to Rs. 680/-in last 10 months time and has surpassed our price target of Rs. 500/- to Rs. 600/-. It is likely to be priced around Rs.700/- to Rs. 800/- in about 1.5 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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