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Positive on NBFC space, says Siddhartha Khemka of Motilal Oswal Securities

Updated : August 28, 2018 07:03 PM IST

Non-banking financial company (NBFC) sector is growing on a consistent basis and they are positive on that space, said Siddhartha Khemka head- retail research at Motilal Oswal Securities.

If you see even the last quarter numbers, they have shown a growth of more than 30-35 percent and that is a space where the valuation is still comfortable, said Khemka.

"There are some NBFCs which we believe that it should deliver 30 percent plus compound annual growth rate (CAGR) for the next few years," he said.

"On the banking side, we have seen that the retail banks have seen a sharp run up and now the corporate lenders are seeing some kind of uptick," Khemka added.

On Indian economy, Khemka said it is on the cusp of a boom and from hereon the financials will take centre stage.

Disclosure: Motilal Oswal is one of the four launch partners of CNBCTV18.com.

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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