Basant Maheshwari, author of the book 'The Thoughtful Investor' is upbeat on housing finance companies from the non-banking financial space (NBFC) space and not so bullish on PSU banks.
According to Basant Maheshwari, founder, The Equity Desk one should look at sectors where there is degree of predictability. He recommends looking at pharma and intellectual property rights (IP) space.
Watch the interview of Basant Maheshwari - Author "The Thoughtful Investor" with Sumaira Abidi on CNBC-TV18, in which he spoke about how to select stocks which will pay rich rewards.