Valuations for NBFCs like Shriram Transport, M&M Finance looks attractive: Nischal Maheshwari

Nischal Maheshwari, Head of Research, Edelweiss Securities share his views about NBFC space.

ET Now: As a group, how is the NBFC space looking?

Nischal Maheshwari: Fundamentally we believe that RBI is very clear that you cannot be making this kind of money in the financial services. So whether it is banks, NBFCs or any other form of financial services, there is a clear indication from the central bank that the margins will be on a squeeze. But valuations have started looking interesting for a few of the NBFCs, especially good quality ones like Shriram Transport Finance and Mahindra & Mahindra Finance. These are the good NBFC space basically where one should be focussed on.