Look at housing finance companies: Nipun Mehta

Nipun Mehta of Blue Ocean Capital Advisors told CNBC-TV18, "In housing finance companies, you have seen significant valuation. Housing finance companies and the public sector owned ones which with more consistent growth expected, more consistent profit expected you could see those running. That is where the opportunity lies in terms of growth, clearer visibility of growth. That is where the opportunity lies in terms of the fact that delinquencies have been relatively low there, asset quality is good and the fact that there is now more consistent growth expected out of some of these which had been underperforming for quite sometime."

On Friday, LIC Housing Finance closed at Rs 459.95, down Rs 0.80, or 0.17 percent. It has touched an intraday high of Rs 468.45 and an intraday low of Rs 457.