Hold LIC Housing Finance, says Shahina Mukadam

Shahina Mukadam, Independent Market Expert told CNBC-TV18, "I am positive with a long-term holding on LIC Housing Finance given the fact that the numbers were decent. 15 percent type of growth is absolutely great as well as the focus of the government on low cost housing. This segment is going to move up. The management commentary has depressed the overall sentiment wherein the focus is now shifting to some lower margin type of business which is what is expected to affect the overall earnings before interest, depreciation and amortisation (EBITDA) going forward.""I would as of now, continue holding the stock. Keep a stoploss of Rs 500 simply for capital protection and even for the near-term, I see a target of Rs 520. Definitely, if the holding is six months to a year, I see much better levels," she said.