Hold Capital First, may test 820-830: Vijay Chopra

Vijay Chopra of enochventures.com told CNBC-TV18, "One can hold Capital First and even the charts look good. Fundamentally speaking Capital First is supposedly a new player if you compare all the NBFCs. However, it has expanded very fast and the management is quite aggressive. The only point is that what is your procurement cost of funds and management is quite confident that they are able to procure funds at a lower cost.'

"I think spreads are wonderful and I think Rs 820-830 is quite possible on the stock. So definitely hold on to the stock and it has a lot of steam," he added.