Madhusudan Kela of Reliance Capital : brilliant opportunities to buy these companies
Posted: Sun Sep 23, 2018 1:19 pm
Madhusudan Kela of Reliance Capital speaks on the biggest infra day fall since demonetisation
The domestic equity had a heady fall on Friday as shares of select frontline banks and housing finance companies suffered heavy losses. Market Veteran Madhu Kela said "This looks like a technical selloff. A few NBFC companies have clarified that their short-term liquidity situation is very good and when I say short term, they said that for the next one year they have enough liquidity in the liquid accounts to match the liabilities. This looks like speculative unwinding and for a long-term investor, if you really understand the company and if you have faith in the management, these are brilliant opportunities to buy these companies."
The domestic equity had a heady fall on Friday as shares of select frontline banks and housing finance companies suffered heavy losses. Market Veteran Madhu Kela said "This looks like a technical selloff. A few NBFC companies have clarified that their short-term liquidity situation is very good and when I say short term, they said that for the next one year they have enough liquidity in the liquid accounts to match the liabilities. This looks like speculative unwinding and for a long-term investor, if you really understand the company and if you have faith in the management, these are brilliant opportunities to buy these companies."