Hold L&T Finance Holdings, says Nooresh Merani

Nooresh Merani of Analyse India told CNBC-TV18, "Technically L&T Finance Holdings has been a laggard between a range of Rs 60 to Rs 80 for the last couple of years. Now a good base has been formed at Rs 60-65 and all the declines the stock has not sustained below those levels and it started to make a comeback."

"Given that one has a view of two to three years, one can continue to hold and review after a year or so. So, at current level, I would consider it to be a hold rather than a buy. May be I would look at a fresh buy on sustaining above Rs 80 plus levels," he added.