SP Tulsian of sptulsian.com told CNBC-TV18, "In L&T Finance the offer for sale (OFS) is going to been seen negative in the near-term. But I don’t think that the stock will really fall below Rs 72-73 and after this OFS, hopefully the difference between the cash and future should shrink."
At 10:35 hrs L&T Finance Holdings was quoting at Rs 76.30, down Rs 2.90, or 3.66 percent.
The share touched its 52-week high Rs 88.35 and 52-week low Rs 53 on 13 March, 2014 and 07 August, 2013, respectively.
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