LIC Housing Finance looks interesting on declines: Joshi

Mayuresh Joshi, Angel Broking is of the view that, LIC Housing Finance is looking interesting on declines. Within the midcap space United Phosphorus and Yes Bank have great potential.

Joshi told CNBC-TV18, "LIC Housing Finance looks quite interesting on declines. Within the banking space ICICI Bank looks like a promising bet. Within the pharma universe I think Dr. Reddy’s or Cadila can surprise. Within the midcap space I think United Phosphorus and Yes Bank have great potential and within Public Sector Undertakings (PSU) space from short to medium-term I think something like Corporation Bank, Indian Bank, Bank of India with expectation of upgradation, recoveries and their cost structure becoming a little bit leaner should benefit. So I think the approach is to go stock specific."