Kotak has downgraded seven non-banking financial companies (NBFCs) on account of expensive valuations. In an interview to CNBC-TV18 Nischint Chawathe, Senior Analyst, Kotak Institutional Equities shared his reading and outlook on the NBFCs.
Housing finance companies have a relatively lower spread when compared with niche auto finance companies, says Nischint Chawathe of Kotak Institutional Equities.
The house has a buy rating on M&M Financial with price target of Rs 300 with a medium to long-term view, said Nischint Chawathe, Senior Analyst at Kotak Institutional Equities.
Nischint Chawathe of Kotak Institutional Equities expects the housing finance companies from the NBFC space to out perform others.
Nischint Chawathe, Senior Analyst at Kotak Institutional Equities has a positive view on IDFC.
Nischint Chawathe, Senior Analyst at Kotak Institutional Equities is of the view that one may look at HDFC, DHFL and LIC Housing Finance.
Nischint Chawathe, Senior Analyst at Kotak Institutional Equities has a positive view on housing finance space.
Nischint Chawathe, senior analyst at Kotak Institutional Equities feels the revised RBI guidelines for NBFCs is better than expected. In fact, he expects NBFC stocks to react positively to the RBI announcement.
Nischint Chawathe, NBFC Analyst, Kotak is betting on IDFC, which is trading below book. He says over the next three years even if the finance company gets converted into a bank and sees pressures on Return on equity (RoE), it would still be a good buy.
L&T Finance is looking expensive at current levels, says Nischint Chawathe, Analyst, Kotak Institutional Equities.
In an interview to CNBC-TV18, Nischint Chawathe, analyst, Kotak Institutional Equities says Shriram Transport Finance Corporation and L&T Finance Holdings are likely candidates for the banking licence.
Nischint Chawathe of Kotak Institutional Equities explains on CNBC-TV18 that L&T Finance and Shriram Transport are to benefit the most from enactment of the Banking Amendment Bill due to their reach and flexibility of operations.
RBI's latest guidelines on securitisation are going to hit both banks and NBFCS. They will immediately erode NBFC capital, and mean more mark-to market pressure for banks. CNBC-TV18‘s Gopika Gopakumar reports.