Sanjay Sinha, founder of Citrus Advisors, discusses with Prashant Nair and Ekta Batra his analysis on the fundamental side of the market as well as specific stocks and sectors.
Speaking about the private banks and non banking financial companies (NBFC), Sinha said, “The flush of results from the NBFC sector, where there was an expectation of about close to 30% growth in profits in this quarter, most of them are living up to that expectation.”
He further said, "The NBFCs are trading at elevated valuation levels and they look attractive even now. The results which came out this quarter, have given that much more confidence to the investors."
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.