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Positive on consumer NBFC space, says Centrum Wealth Management

Updated : September 26, 2018 06:02 PM IST

Devang Mehta of Centrum Wealth Management discusses with Anuj Singhal and Surabhi Upadhyay his analysis on the fundamental side of the market as well as specific stocks and sectors.

On midcap stocks, Devang Mehta said there is a semblance of stability that is being established today and it is too soon to say whether this stability will lie or not.

"There are lot many opportunities not only in the midcap space but even in the largecap space where we have seen correction lasting from 5 percent to 25 percent in the last few days," Mehta said, adding that there are a lot of spaces in the financials as well as nonbanking financial companies (NBFC).

"We are buying certain NBFCs, the niche space or the consumer NBFCs or something where there is not much of competition is extremely relevant to buy in today’s circumstances,” he added.
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