Jun 21, 2013, 05.55 PM | Source: CNBC-TV18

Prakash Diwan positive on LIC Housing Finance

Prakash Diwan, Director of Altamount Capital Management feels one may hold LIC Housing Finance as it is a decent space with its fund raising scale up.

Prakash Diwan, Director of Altamount Capital Management told CNBC-TV18, " I would believe one should hold on to LIC Housing Finance . It is a decent space with the banking license not withstanding, their fund raising scale up would augur well. Of course the revival on the housing side is a little bit away but things could look up."

"Instant buying more into LIC Housing Finance would probably diversify by buying into some other non-banking financial companies or GIC Housing Finance for that matter at current valuations," he said.

Also Read: LIC Housing to apply for banking license, stock up

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