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Positive on SBI, Bajaj Finance; housing finance space looks good: Complete Circle

Updated : November 18, 2020 09:33 AM IST

“We are structurally constructive on State Bank of India (SBI),” said Gurmeet Chadha, Co-Founder & CEO at Complete Circle Consultants in an interview with CNBC-TV18.

He reiterated his positive stance on Bajaj Finance. “I have always maintained that it is a consumption stock and once things start picking up, it will start reflecting that trend,” he said.

Compared to NBFCs, he believes there is more value in private banks like ICICI Bank and Axis Bank from a relative risk reward basis.

“If you want to look at NBFCs, maybe the housing finance pack looks very attractive to me. I am very constructive on the housing finance and the entire building material space,” Chadha said.

He also shared his views on the agri space. “I think there is a robust rural recovery underway basis our channel checks. The entire rural pack looks good. This is probably here to sustain with good kharif crop expected on the back of good monsoon,” Chadha mentioned.

Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

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