Feb 25, 2013, 04.39 PM | Source: CNBC-TV18
SP Tulsian of sptulsian.com advised holding L&T Finance for long term as he feels L&T holds the maximum chances of getting banking license.
SP Tulsian (more)
CEO, sptulsian.com | Capital Expertise: Equity - Fundamental ,IPO
Tulsian told CNBC-TV18, “I will advice to remain invested in L&T Finance Holdings . I won’t advice to buy more because the kind of swing and volatility the share is closer to its upper circuit and never it is advisable to buy or to do the trading or averaging more. If you ask me for any reason, if you go by the feedback and the opinion even if Reserve Bank of India (RBI) allots four or five banks, L&T holds the maximum chances of getting that banking license.”
He further added, “L&T is quite aggressive and capable to acquire the existing banks also which have no identified promoter. So, taking all this into consideration from a banking point of view it looks a very good stock but that should not be the only theme. If you go by the present financials with a market cap of Rs 15,000 crore price to book of 2.5 the stock looks expensive. And generally I have been taking a ballpark figure that the banking license can add or increase the market cap by about Rs 1000 crore.”
“I will advice to remain invested into the stock for a longer term horizon. I won’t be hesitative in saying that one should not be hesitant in exiting or making the profit booking in three digit whenever the stock reaches to those levels and look to buy that stock back again at the lower level, but no buying now. Hold your stock till Rs 100 and keep a long-term view. But keep trading beyond Rs 100 in the stock for a gain of about Rs 4-5 on each round of trade.” Tulsian added.
Axis Direct is bullish on L&T Finance has recommen
The board of directors of the company at its meeti
In a post earnings interview, YM Deosthalee, Chair
L&T Finance Holdings has informed that the 8th Ann
According to Sandeep Wagle of powermywealth.com, o