Look at LIC Housing Finance, says Sachin Shah

Sachin Shah, Fund Manager at Emkay Investment Managers  told CNBC-TV18, "We do hold LIC Housing Finance in our portfolio management services. We are happy to see the result; the asset growth at about 18-19 percent was a good positive surprise. The asset quality was good but the most important highlight is that the margin trajectory, the net interest margins (NIMs) and the spreads have been very good for the last two-three quarters now and they are consistently going up the way the management has been guiding."

He further added, "LIC Housing has always been a good company, they have almost one lakh crore of book and most part of its book is retail, more than 95 percent, so we like this space. The only thing that was always lagging was the spreads but that has improved significantly in the last two-three quarters and we hope that this trajectory continues for the next couple of years also."