Downside risk is quite low in L&T Finance: Ambareesh Baliga

In a chat with ET Now, Ambareesh Baliga, Market Expert, shares his views on L&T Finance Holdings Limited.

ET Now: What is the call on L&T Finance?

Ambareesh Baliga: L&T Finance seems a decent bet even at the current levels. In fact, looking at the performance that we saw in the last two quarters, it is quoting close to the IPO price. So, from here the risk is quite low and if you look at the history of the stock, it has hardly gone below Rs 44 - Rs 45 levels. Hence, the downside risk is quite low.