NBFCs look good from macro perspective, but stay selective: Amit Khurana

In a chat with ET Now, Amit Khurana, Co- Head Equites & Head of Research, Dolat Capital Market, shares his views non-banking financial companies ( NBFCs).

ET Now: Would you buy my logic that these are good times for NBFCs simply because of the way the interest rate curve has moved?
Amit Khurana: Well, the macro argument seems to be falling into place. I would agree with that hypothesis. But I would just make a caveat here. While the going is good and everybody seems to be doing that, I would be very selective on the quality of the portfolio that you are buying into.
So while the the argument still plays out at the macro level, you have to be extremely careful when looking at individual stocks. But yes, NBFCs have a pretty good sort of next couple of years from a macro thing to play around with versus banks in general.