Avoid L&T Finance Holdings: Sukhani

Sudarshan Sukhani, s2analytics.com advises to avoid L&T Finance Holdings at current levels.
 
Sukhani told CNBC-TV18, “I was very upbeat on L&T Finance Holdings. I thought it will do wonderful things but the market has given a thumps down. It’s very difficult now for the stock to outperform the other financials. Rather than talk about which level which is difficult to predict now, it is easier to say there are so many other opportunities. So I would not go with L&T Finance any more.”
 
On April 22, L&T Finance Holdings closed at Rs 78.10, up Rs 4.60, or 6.26 percent. It has touched an intraday high of Rs 78.80 and an intraday low of Rs 73.75.