Jefferies Mahesh Nandurkar’s banking top regional bets – Why is here

With the choice of HDFC Bank Limited and Bajaj Finance Limited, new ones have been added to ‘buy’ from Jeffers in BFSI sector.

Nandurkar said, “In my view, banks and other lenders, including NBFCs, look like the best field, from the perspective of risk-inam, a short-term attitude and 12 months perspective. Valuation is very appropriate, below the historic average,” Nandurkar said.

However, the top analyst of Jefferies India said that the increase in the region has been a part of disappointment with credit increase. He said, both credit and deposit growth have been dropped.

But, with the declaration of more liquidity infusion, the RBI said, “should” improve “, he said. This, with attractive evaluation, makes the BFSI region “my top area today choos”, he further said.