Devang Mehta of Anand Rathi Financial Services told CNBC-TV18, "Your money would in fact give you better returns in sectors like non-banking financial companies (NBFC) which a lot of people are still ignoring. We saw a couple of good results from L&T Finance, M&M Financial and I see no reason why REC and PFC would also thrive in this scenario."
"NBFC is one sector which is still a dark horse and which can do very well going forward. Can Fin Homes has seen a sharp correction from around Rs 900 to Rs 650-700 odd. So, I feel these are the stocks which one can own in their portfolio at this point. So, these are the stories which one can own. Even cement is going to do very well as far as the construction activity is going to boom. So we feel cement as well as some sectors like NBFCs as well as housing finance companies are sectors to own in this current fall," he said.
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