SP Tulsian of sptulsian.com told CNBC-TV18, "If one takes the call on perspective of bank licenses, I think L&T Finance Holding appears in that list. Even if you expect that if five or six licenses are going to be given by Reserve Bank of India, this company definitely qualifies in that category. So there will be some kind of interest getting revived.”
He further added, “RBI is very keen that they should be able to complete this process by end of March. In L&T Finance, one can at least look for a level of Rs 82-84 because one should not really jump and draw the conclusion on getting the bank license immediately you will see a very good up move in the stock price."
“If you see the banking stocks, those who have got the banking licenses they have all been multibaggers. So you need to have very long term view if you want to see the multibagger kind of returns," Tulsian said.
He further said, “Look for a level of Rs 82-84 because if you remove the bank license prospect then the stock is really looking very expensive. The results have not been very comforting or for last two or three quarterly numbers were also not very good. So, I will advise to remain invested, catch that frenzy which will come at the time of bank licenses and look for a level of Rs 82-84."
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