ET Now: You may not want to talk on select stocks such as M&M Financial, but can you shed some light on how NBFCs may perform going ahead? This particular space has not done well at all in the last 15 months. Stocks of a similar pedigree have actually gone up 50-200 per cent during the same period.
Ajay Bagga: NBFCs are going to be benefited as their cost of funds go down and non-performing assets (NPA) situation improves. An uptick in the economy is benefiting them and will continue to do so. Of course, you have to go by the particular portfolios, but I would say NBFCs and private banks are two strong buys. These two sectors will bring in good results and, hence, can be a hood buy.
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