Market veteran Deven Choksey remains upbeat about India's non‑banking financial companies (NBFCs), saying the sector is set for more growth.
Why NBFCs Look Attractive
Choksey points to a supportive economy and rising consumer spending as key reasons. He believes larger NBFCs that serve everyday borrowers will benefit the most.
Top Long‑Term Picks
He highlights two companies he trusts for the long run:
- Bajaj Finance – A big player with a strong retail loan book.
- Shriram Finance – Recently strengthened its balance sheet through a deal and has partnerships with Japanese firms.
Room for More Buying
Even though both stocks have risen 40‑50% this year, Choksey says there’s still space to add more. He cites continued growth in both discretionary and essential consumer demand, which should keep NBFC earnings strong for several quarters.
What About Chola Investment?
When a negative report surfaced on Chola Investment, Choksey advised investors to trust the company’s official denial and ignore potentially malicious rumors.
Bottom Line
In short, the NBFC sector is in a healthy environment, and the two highlighted firms could be good choices for investors who are looking beyond the short‑term rally.
Remember, this is just an opinion, not a prediction. Do your own research before making any investment decisions.