Moneycontrol
Last Updated : Feb 11, 2015 11:43 AM IST | Source: CNBC-TV18

Look at NBFC space: Parag Thakkar

Parag Thakkar of HDFC Securities is of the view that one can look at non-banking financial companies.


Parag Thakkar of HDFC Securities told CNBC-TV18, "I am interested in those non-banking financial companies (NBFCs) where they have lended at fixed rates for next two to three years. They will gain when banks will start reducing the base rates, for example from April 1, PSU banks and private sector banks start reducing the base rates. These NBFCs which have lended at fixed rate like Cholamandalam Investment and Finance Company, Shriram Transport Finance, Sundaram Finance and Magma Fincorp, all these will benefit straight away and it will be just a net interest margin (NIM) expansion for them. We are seeing some kind of recovery in CV cycle, so that will also help many of these companies."

At 11:27 hrs Shriram Transport Finance Corporation was quoting at Rs 1,153.60, up Rs 6.50, or 0.57 percent. It has touched an intraday high of Rs 1,155 and an intraday low of Rs 1,146.60.

First Published on Feb 11, 2015 11:43 am
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