Buy LIC Housing Finance, IDFC: Kunal Saraogi

Kunal Saraogi CEO at Equityrush told CNBC-TV18, "We have seen a big breakout in LIC Housing Finance. The stock has been on a tear and even at the current level it can be bought into. The kind of momentum it has got for itself can very easily get itself to Rs 500 and beyond. So, with that as the target, one should initiate a long position and put a stoploss at Rs 480."

"Although IDFC is muted in today's trade but the kind of breakout that we got in it yesterday, I think the stock is definitely headed higher. One should buy it with a target of Rs 175 and put a stoploss at Rs 164," he said.