Rajat Bose of rajatkbose.com told CNBC-TV18, “I personally hold L&T Finance Holdings in my portfolio and I have been holding it for the last three years or so. Just after listing, I purchased it. So, point is this that this stock is actually now available at 3.8 times book and its strategy has been totally revamped, changed and now it has just started seeing better days.”
“Its focus on the rural as well as focus on the housing finance sector has actually gone up. The percentage of resources into those has gone up and they are performing pretty well. Going forward, the CEO says if the market performs 10 percent, market goes up by 10 percent, it will go up by 20 percent and that means that within the non-banking finance company (NBFC) space, if that were to grow by 10 percent, this is going to grow by 20 percent.”
“L&T Housing Finance has a lot more space to grow. HDFC Bank is a mature company. So from that perspective, you can see lot more growth like the way you saw Capital First growing for the last three years or so, such kind of growth is likely out here,” he said.
[“Source-moneycontrol”]
