Buy Gruh Finance, says Basant Maheshwari

Buy Gruh Finance, says Basant Maheshwari of The EquityDesk.com.

Maheshwari told CNBC-TV18, "Gruh Finance is a HDFC subsidiary, so at the price of a small cap you are getting the HDFC management because Keki Mistry and Renu Karnad are also on the Gruh Finance board. They manage risk very well."

He further added, "One thing interesting about Gruh Finance is India is growing at a GDP of 8-8.5%, Gujarat and Maharashtra are growing at a GDP of 12%, so basically if you buy Gruh Finance you are basically entering a market where the GDP growth is 12%."