Consumer, non-banking financial companies (NBFCs) and private financials are great themes to bet on, said Basant Maheshwari, author and portfolio manager at Basant Maheshwari Wealth Advisors.
Talking on PNB Housing Finance, Maheshwari said, “With its superb management, the mortgage lender is trying to grow at 40-45 percent. If the stake sale is done, these prices could be history.”
According to Maheshwari, PNB Housing Finance is growing at 40-45 percent, doing all the right things, controlling the asset quality, growing into newer smaller tier II, tier III towns and cities.
However, unlike PNB Housing Finance, there is no other housing finance company, which can grow at 12-15 percent, Maheshwari said.
Business News Update 