Housing finance companies could be the next big thing: Avinash Gorakssakar

In a chat with ET Now, Avinash Gorakssakar, Head of Research, Miintdirect.com, talks about housing finance space.

ET Now: Give me an investment idea for the next six months?

Avinash Gorakssakar: Over the next six months we have been recommending clients to get into housing finance companies. GIC Housing Finance is one stock where we feel there is a very strong deep value even at the current levels. After banks this is one area where there is going to be a very strong kind of thrust once the new government comes in.

GIC Housing definitely fits the bill, very strong kind of asset growth, good asset quality, and probably if one looks at FY15 and FY16 kind of numbers my sense is probably a price target of 160-165 over the next six to eight months.