Keep L&T Finance Holdings in portfolio: Rajesh Agarwal

Rajesh Agarwal, Head of Research at Eastern Financiers Limited told CNBC-TV18, "I would suggest booking profit in L&T Finance Holdings because in the last 5-6 trading session we have seen the price appreciating around 25 percent. But for a longer term horizon this is a stock that one should have in ones portfolio considering the fact that the management is very good.”

He further added, “The numbers have been pretty consistent from the last 2-3 quarters. This is a likely candidate of banking license and there are high probability that this company is going to get that and once that goes through that would be a big positive trigger on the stock.”
“This stock if one holds for maybe a time horizon of 3-5 years, I won’t be surprised if the stock goes beyond the range of Rs 150-180. For a longer term horizon every downside would be taken as an opportunity to accumulate.”