Stay invested in L&T Finance Holdings: Sharmila Joshi

Sharmila Joshi, head of equity at Peerless Securities told CNBC-TV18, “If you are looking for two-three year perspective then I am very comfortable with holding a stock like L&T Finance. Among the candidates that are there vying for the banking space I think they stand a reasonable chance.”

“Secondly, even their existing business is in a good enough space for you to stay invested with that kind of a horizon. So maybe I will revisit the stock at about Rs 95 level and then really take a call as to whether I want to stay invested. But I think from a two-three year perspective, for me at this point in time, the stock is definitely a hold,” Joshi said.