Buy NBFC stocks on dips: Neeraj Deewan

Neeraj Deewan of Quantum Securities told CNBC-TV18, "We have been recommending some non banking financial companies (NBFCs) like housing finance companies and power finance companies. Going ahead housing finance companies have a good future and NBFCs would be the major beneficiaries. They can gain the maximum out of the financial space. So if one has the view of interest rate cut happening in the next six months whenever they happen whether December or February these companies should do better."

"I would advice all the dips in NBFCs to be bought into whether it is LIC Housing Finance and Can Fin Homes. Even the power finance companies like Power Finance Corporation looks very attractive even with the long-term perspective in the current prices. If you get some correction because of interest rates not happening in December that will be good opportunity to invest in one into these stocks," he added.