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Nothing is very cheap. So, they have all rallied. So, if you are of a view of seven, eight years, 10 years then this space has still potential to get bigger names.
Gurmeet Chadha says: "We are more constructive in non-financials. The way we are adding 25 lakh investors every month in capital markets. So the depository, the RTA agents, the AMCs are in my view better play and probably more structural and more asset light vis-a-vis some of the other financials. For NBFC and banks, you will possibly have to wait it out till the rate cut starts. In Paytm, we are seeing speculation. It is not investing because you do not know how deep the concern is."
Hemang Jani says: “I doubt that the money would move from HDFC Bank to Bajaj Finance only. A part of the money could move into some of the insurance companies like ICICI Lombard or some of the other insurance companies where the trend is better. People may also have to rebalance and realign their allocation to the banking sector.”
“Excited about the Electro Force IPO. The SME market has taken everyone by storm because there was little participation. The name of the company is Electro Force. It is a consumer electrical play, a B2B play with Rs 18 crore equity and a price earning of something like six-seven times one year forward.”
