NIFTY 50

Economy unlikely to recover before the housing sector revival: CLSA

Updated : November 14, 2019 21:38:34 IST

Foreign brokerage CLSA on Thursday said that county's economy is unlikely to recover before the housing sector revival.

In a special conversation with CNBC-TV18's Areeb Sherwani, Mahesh Nandurkar, India Strategist, said, "The worst may be over where financials are concerned. There will be some incremental non-performing loans (NPLs) kind of coming through, but I still do not think that the gross NPL ratio as a percentage of outstanding credit will be rising. In fact, it should be falling from here on."

Speaking about the market, he said, “Over the last 5-7 years, we have seen only one investment style which has worked, which is just sticking with quality and just ignore the value wherever there are some question marks and you will end up making money. No red flags at any price has been the strategy so far which has worked. If you look at the market movement over the last couple of months, there seems to be some change in that thinking and we have seen the market leadership undergoing some small change for the last couple of months."
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you