Dec 15, 2012, 01.51 PM | Source: CNBC-TV18
Buy LIC Housing Finance, says Sudarshan Sukhani, s2analytics.com.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
Sukhani told CNBC-TV18, "LIC Housing Finance is a buying opportunity. It has been in a trading range. It is now willing to move higher. Friday was a good day for it and I would assume that in a choppy market some stocks do go up and LIC Housing is ideally positioned to do that."
He further added, "Non-banking finance Companies (NBFCs) in general should be bought on dips; the whole sector seems to be on a roll. So LIC Housing is a buying opportunity but again the context must be seen; if the Nifty starts coming down buying in general should be avoided. But in any circumstance some buying would be done and LIC is an ideal condition for that."