Buy LIC Housing on dips, bullish on HDFC: CK Narayan

CK Narayan, MD of Growth Avenues told CNBC-TV18, "LIC Housing Finance is my favourite in NBFC. It has got great setup and every dip seems to be witnessing fresh inflow of money. I would remain a buyer in LIC Housing and during all dips. However, for traders, Indiabulls Housing Finance may have a greater amount of momentum attached to it. So may be those who want little spicier action could prospect in Indiabulls Housing but the midcap names like Repco Home Finance and GRUH Finance are also doing well."

"In HDFC the sell off should be used to buy. I am very bullish on HDFC over the longer term," he added.