Gautam Chhaochharia bullish on NBFC

Gautam Chhaochharia, Head-India Research at UBS told CNBC-TV18, "In general we have seen this entertainment business model evolve in US, in China etc where food has played a big role in driving margins. We know in India movies are longer duration movies, so there is an opportunity for to keep improving that."He further added, "We are still overweight on NBFCs and most of the segments, there are one or two stocks where we are not comfortable with valuations now but as a theme still bullish on NBFCs."