Avoid L&T Finance Holdings: Rahul Mohindar

Rahul Mohindar of viratechindia.com told CNBC-TV18, "If one looks at the short-term picture in L&T Finance Holdings I don't think we really have too much to go from here. My own sense is the stock might decline 7-8 percent from current levels and the short-term is what I really wait for in terms of a downturn."

"Once we get that little dip we could reconsider at lower level but as of now I would really avoid this stock," he said. The share touched its 52-week high Rs 97.35 and 52-week low Rs 42.70 on 19 December, 2012 and 30 August, 2012, respectively. Currently, it is trading 23.68 percent below its 52-week high and 74 percent above its 52-week low. Market capitalisation stands at Rs 12,756.14 crore.