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Market expert Prakash Diwan says M&M Financial Services, Cholamandalam Finance look promising

Updated : November 20, 2020 05:20 PM IST

“Bajaj finance was worth buying even when we started off on a soft note in the market,” said market expert Prakash Diwan in an interview to CNBC-TV18.

“However, given the kind of valuations and froth that could easily we could graduate to, I would believe sticking to the leaders would make sense because if there is a cascade into a slowdown again, you would have a much bigger loss erosion in the smaller NBFCs because they are still vulnerable,” he added.

According to him, Bajaj and all have a model which helps them get bigger market share when things get difficult for other players in the industry.

“Therefore, I would stick to the larger players while Mahindra & Mahindra Financial Services or Cholamandalam Investment and Finance Company do look promising at this moment, but it’s more momentum rather than anything on the long-term,” Diwan further added.

For entire interview, watch video

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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