L&T Finance Holdings may test Rs 50-52: Ambareesh Baliga

Ambareesh Baliga of Edelweiss Financial Services told CNBC-TV18, "Banking license to a large extent is already discounted, so the room for disappointment is very narrow. In case that does not happen one could again see L&T Finance Holdings coming down to levels of Rs 50-52 and if they get the license the upside looking at whatever has been priced in, is not more than Rs 90-95."

At 11:06 hrs L&T Finance Holdings was quoting at Rs 77.70, up Rs 1.45, or 1.90 percent. It has touched an intraday high of Rs 79.50 and an intraday low of Rs 77.15. The share touched its 52-week high Rs 97.35 and 52-week low Rs 52.80 on 19 December, 2012 and 12 October, 2012, respectively. Currently, it is trading 20.18 percent below its 52-week high and 47.16 percent above its 52-week low. Market capitalisation stands at Rs 13,340.57 crore.