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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.
CLSA's Chris Wood says selloff in NBFCs offers buying opportunity for long term

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