Sudarshan Sukhani of s2analytics.com told CNBC-TV18, “I would be upbeat on non-banking financial banking companies (NBFCs) like M&M Financial Services and Bajaj Finance rather than go for autos, both are rate sensitives. NBFCs have much more attractive charts; they are coming out of long base formations and promising a sustained bull market, it is more attractive.”
On May 20, M&M Financial Services closed at Rs 234, down Rs 8.60, or 3.54 percent. It has touched an intraday high of Rs 242.95 and an intraday low of Rs 232.80. Disclosure: He does not have holding in stocks discussed.
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