Hold L&T Finance; Exit GMR Infra: Sukhani

Sudarshan Sukhani, s2analytics.com is of the view that one can stay invested in L&T Finance Holdings. However, one should exit GMR Infra, whenever the stock goes up try offload the position.

Sukhani told CNBC-TV18, “It is a good time to stay with L&T Finance Holdings. Here is a blue-chip stock that has doubled itself. That itself tells us there is more upside here. It is in the right business with the right news pushing it’s rally and momentum, the charts suggest that a target of even Rs 120-150 is possible. It is not easy to say exactly what because this is a new listing so there is not much history.” He further added, “My suggestion is that if there is a rally in the next few months, whenever there is, whatever extra money one can get should take it and get out of GMR Infra, and should not wait for Rs 34, that’s a long way off. So let him plan and exit. These rallies will also come. Whenever the stock goes up say 20 percent from whatever current prices then should exit.”