Mar 17, 2017 03:57 PM IST | Source: CNBC-TV18

Exit Bharat Financial Inclusion at around Rs 880-890: Avinash Gorakshakar

According to Avinash Gorakshakar, Market Expert, one may exit Bharat Financial Inclusion at around Rs 880-890.

Avinash Gorakshakar, Market Expert told CNBC-TV18, "The longer term picture looks good but Bharat Financial Inclusion came out with a concurrent call saying that the fourth quarter is going to be slightly bad in terms of the margins and in terms of the profitability numbers. So in the short-term apart from the fourth quarter, I think the stock may definitely underperform in the short-term but longer term I think the business definitely is going to grow quite robustly."

"I would believe that if at all one has a short term target in mind one should look at an exit price of around Rs 880-890, but on lower levels if one wants to actually generate a good return he/she should actually take an opportunity to buy on every decline. My sense is over the next 12 months most of the demonetisation impact would be going out and this business is definitely going to grow and would benefit Bharat Financial Inclusion," he added.

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