Buy LIC Housing Finance, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "LIC Housing Finance had a sharp correction; the Nifty had a sharp correction. Yesterday it stopped not necessarily at a support level but has just stopped falling. As it is an outperforming share, it is one of the blue chips in the non-banking financial companies (NBFCs). We would like to buy it today. Assuming that the markets remain steady some stocks will outperform and probably this will be one of them."

At 09:36 hrs LIC Housing Finance was quoting at Rs 411, up Rs 9.15, or 2.28 percent. It has touched an intraday high of Rs 416.70 and an intraday low of Rs 409.10.