PSU bank stocks good, avoid LIC Housing: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com talks about LIC Housing Finance.

LIC Housing Finance, at 194 right now, how does it look and any of the brokerages that would have caught your eye?

I would give you some real time info that brokerages cannot be doing so well because the inquiries are dead and nobody is in the market but overall you see these small updates, 70-90 is India Infoline. LIC Housing, it is having a substantial pullback, something that has fallen from 280 to 150, just a theoretical pullback can lead it up to 230 but that would be true for all kind of banking stocks. I would much rather stay with the smaller stocks, which will not probably face institutional selling as in the UCO Bank or Dena Bank or Vijaya Bank. HDFC Bank is down today, although banking has tried to pull back, so may be we will see State Bank going up to 2800-2850, so banking pullback will be selective and some banks will participate more than others.