Prefer L&T, IDFC over Manappuram Finance: Kunal Bothra

Kunal Bothra of LKP told CNBC-TV18, "Technically it seems to be that Manappuram Finance is probably due for a sort of short-term run. When you have stocks which are trading far above the 200 day moving averages and the potential for these stocks are far higher, I would not want to bet on small cap stocks, like Manappuram Finance.”

“Larsen and Toubro at Rs 1200-1240 is a far better potential stock or even IDFC which is trading above the 200 day moving average. So, there are far better stocks probably from a different sector perspective but from a stock specific view Manappuram Finance could continue to be in the range of around Rs 22 to Rs 24, so not really that much bullish on Manappuram,” he added.