Enter L&T Finance Holdings on declines: Shahina Mukadam

Shahina Mukadam, Independent Market Expert told CNBC-TV18, "I would believe it is better to wait for some bit of correction before entering into L&T Finance Holdings. The stock has seen a substantial rally and I think on a price to book basis it is now starting to look a bit expensive. So, while I think the business growth and merger and acquisition activities likely to boost the overall book for L&T Finance I would just prefer buying it at dips."

"I think the ideal price to buy it would be around Rs 150 maybe between Rs 150-160, please buy it at lower levels," she added.