SP Tulsian positive on L&T Finance, IDFC, LIC Housing Fin

SP Tulsian of sptulsian.com told CNBC-TV18, "One need to keep a watch on L&T Finance, IDFC and LIC Housing Finance. If IDFC is sorted out as a prospective bank licensee then the FII stake has to come below 50 percent. Now that FII stake is placed at 51.5 percent. So, if 1.5 percent stake sale comes into the market you will be having a positive effect as well of the banking licence coming in. So, there will be buying at the lower level as well.”

“The stock already has corrected to a level of Rs 96-97. So, if you just knock off that negative FII selling of 1.5 percent I will be keeping positive view on all three of them from a near term point of view. Definitely you will be seeing some kind of up move coming in, the movement we get to see the news that all three of them have been identified as the prospective licensee and all three have good chance," Tulsian said.