" We say that the next HDFC is HDFC and similarly, the next Bajaj Finance is Bajaj Finance. Obviously, we cannot expect an encore of the last decade in terms of stock price CAGR but now it is almost two years that Bajaj Finance stock has done nothing. It hit around Rs 7,500 on September 21. After two years, Bajaj Finance has at least got its online piece right. They have caught up in the online world now."
Ahead of the listing today, Digant Haria, GreenEdge Wealth told ETMarkets that Nuvama Wealth certainly deserved a look because wealth management as a space is expanding and the good part about wealth management is that it is agnostic to products.
Digant Haria, founder of Greed Edge Wealth, explains the business models of these companies, the challenges they face on margins and why a big improvement in the financial health of ailing electricity boards may turn out to be counterproductive.
I think that the whole capital goods, industrial and railways, these three themes are the pockets where we have taken some money off the table. We are not negative on this space but we just feel that, the stocks have run up a little faster than what the fundamentals have held.
Gold loan companies may not see the same rate of growth as they have in the past, but are unlikely to be run over by banks as most investors fear, says Digant Haria, founder of Green Edge Wealth