LIC Housing Finance may hit Rs 500, says Kunal Bothra

Kunal Bothra, Head of Advisory at LKP Securities told CNBC-TV18, "LIC Housing Finance is on a very good uptrend. The longer-term charts is so strong because the momentum is picking up very aggressively. The volume on every rise is much higher as compared to those on declines. So it gives you an indication that traders or investors or short-term players as well as the long-term players are looking to build positions from longer-term perspective and on the upside."

"From the trading perspective as well this is one of the good stocks, so one could look at target of Rs 500 on LIC with stop loss of Rs 470," he added.

Disclosure: Analyst has no personal holdings in the stock.