CLSA's Chris Wood says selloff in NBFCs offers buying opportunity for long term
Updated : September 28, 2018 12:56 PM IST
Shares of the non-banking financial companies (NBFCs) have been hammered in the past week on growing fears of a liquidity crunch in the sector.
Apart from the performance of the stocks in the NBFC space, Woods said Maruti Suzuki will be removed from the Asia ex-Japan long-only portfolio.
Chirs Wood, an equity strategist at CLSA, said there are portfolios with such exposures and are required to hedge the higher oil price risk.