Not bullish on LIC Housing Finance: Ambareesh Baliga

ET Now spoke to Ambareesh Baliga, VP, Karvy Stock Broking Ltd, on his views on LIC Housing finance and other stocks.

What about companies like LIC Housing Finance, a Group Finance, GIC Housing Finance, anything you may be bullish on?

Not right now, especially after this sort of a move, which we have had seen. A stock like LIC Housing, we liked it quite sometime back because there was that valuation gap between that and HDFC, which is actually closed quite a lot, so at these levels, it is quite expensive.

But you buy the fundamental story?

Yes, no doubt.