Aashish Tater, Head of Research of Fortunewizard.com told CNBC-TV18, "L&T Finance Holdings is one of the likely candidate of getting the banking license and that is the big positive for this particular company. Market is in a topsy-turvy situation, right now one cannot do much about this particular stock. With a four year time horizon this is a very good stock to remain invested because we have got a very aggressive targets from five year perspective. We expect this is one of the portfolio stocks that should be part of one's portfolio and should be bought when market stabilizes."
"If one has more money to invest once market stabilizes around Rs 45-50 one can definitely average this stock but do not loose hope seeing the stock tank at Rs 45 levels because this is a longer term story and things will take time to shape out. It is not a short-term play, so do not go for tracking this particular stock on daily basis. So right now keep a hold on this particular stock, buy more around Rs 45-48 zone," he added.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
