Shrikant Shetty, independent market analyst, and Manish Hathiramani, proprietary trader and technical analyst, Deen Dayal Investments, say that L&T Finance is a good stock to hold on to for the long term. Shrikant feels that even though it is trading at expensive valuations, the future prospects in the light of new banking licenses are bright. Manish feels one should hold the stock with a stop loss of Rs 70.