Bullish on Sundaram Finance, Bharat Financial: Kunj Bansal

Kunj Bansal of Centrum Wealth Management told CNBC-TV18, "Obviously, the NBFC space is doing well because the underlying businesses with the rise in the capital market activity and the volume growth picking up is likely to do well. I do not have any particular recommendation.""Of course, as a house, as a research team, we are bullish on quite a lot of stocks like Sundaram Finance, Cholamandalam Investment, Repco Home Finance and Bharat Financial Inclusion. So, those are the multiple options that are available. One can always keep arguing about the valuations. So, stocks like SKS are now four times plus forward price to book. Stocks like Cholamandalam are three times plus price to book. But, it is a market wherein quality stocks and good managements are being given premium and if we continue to see the money inflow coming in, these valuations could move on to the next level," he added.