Sachin Shah positive on LIC Housing Finance

Sachin Shah of Emkay Investment Managers told CNBC-TV18, "LIC Housing Finance is one where we have invested for a while and where we have been extremely positive and also happy with the kind of performance that the management has been delivering. If you see, quarter after quarter for the last 4-5 quarters, their margins have just improved and the new MD, Sunita Sharma, she has been continuously talking about a profitable growth. She said that we will grow but we will have to be profitable. And that is what she has been focusing for the last 5-6 quarters which is where you can see as a spreads and their net interest margins (NIM) getting better quarter after quarter which is why their ROAs and ROAs are also improving.""And also, they have growing at the range of 15-20 percent which is very healthy in the current environment and they are the second largest housing finance company adding almost Rs 1.25 lakh crore of book. And of course the valuations are also very reasonable which makes us positive on the stock," he added.