Here's what market maven SP Tulsian has to say about these NBFCs

Stock market expert SP Tulsian of sptulsian.com shared his views on these NBFC stocks in an interview with CNBC-TV18.

Talking about Manappuram Finance, he said, “We have been recommending the stock from Rs 140, about last 3-4 months. In fact, when the stock reached to a level of Rs 185, we said that we will be taking a cautious call because from then on we shifted our a focus more on the rural focused NBFCs like Mahindra & Mahindra Financial Services, L&T Finance where growth is seen coming be it through consumption or  2-wheeler finances etc., in the lieu of excellent rabi crop to be seen going forward.”

However, this does not mean things are negative for Manappuram. The company has reported good numbers, but one should look to buy the stock now if it corrects to a levels of Rs 162-164 or so,” he added.

When asked about Zee Entertainment and the news about MCA ordering an inspection of the financial statements, Tulsian said, “Things on fundamental basis or on the financials of the company can only improve and hypothetically if I presume that ‘x’ amount of fraud is seen committed by the old promoter then that much amount can get recovered by the company from the promoter.”

“Therefore, I don’t think one should be worried about that because if the promoters would have continued with a stake of about 20-25 percent, I would have been worried that there won’t be any buyer or takers for that stake, but now they are holding sub-5 percent and even the financial investors, those who have taken the stake - holding 80 percent stake in the company must have taken the professional management to be taking over from the old promoters. Therefore, I am not worried on this news. This will not damage the fundamentals, valuation and interest of the company going forward,” added Tulsian.