One change for making higher provision for unsecured loans and we see all the NBFC stocks tumbling. But four weeks later what is the situation, no one on the street is even talking about it and stocks have crossed the level when the announcement was made. The fact is that some regulatory measures are indicators of overall growth potential which the regulator is just trying to moderate in order to avoid overheating of some segment of industry. The other question is that an industry like NBFC which is bound to grow given the fact that capital was, is and will remain a scarce commodity, which are the benchmark which one should use to take exposure with a long term perspective.
Financial sectors stocks tend to do well, where there is inflow from foreign portfolio investors, the reason, it is their preferred sector for taking exposure to the Indian market for decades as it can also act as a proxy for GDP growth. After a gap of two months, September and October, FPI have been net buyers in the month of November and till date in December. Given the fact that in the last one year there has been a sort of underperformance by financials stocks, there is high probability that we might see some of them making a come back, we take a look at stocks from this sector where one of one of valuation matrix meets the criteria for investing for long term.
Reliance Infrastructure, Patanjali Foods, BHEL Q2 results, Last day to subscribe to Protean eGov Technologies IPO in Top News on November 8: Ex-dividend stocks, share markets outlook also in focus.
Protean eGov Technologies IPO to open, Max Healthcare, Bikaji Q2 results in Top News on November 6: Colgate-Palmolive (India) among ex-dividend stocks, share markets, Bank Nifty outlook also in focus.
Sectorally, buying was seen in public sector, utilities, power, and realty stocks while some selling was seen in consumer durables, metal, and FMCG stocks.