While the NIFTY50 has doubled in past one year, this otherwise fundamentally good stock has totally underperformed. One can go short with SL of 88. or can sell 87.50 / 90 CEs as there is very very low probability of this stock crossing 88-90 levels.
L&T Housing Finance looks bullish currently, but moving towards resistance level 100. If the breakout happens at this level the price will hit 134 by March. On the downside, if the trend reverses, the price can go down upto 90 and hits back.