Tuesday, 18 July 2017

Recommend entering Max Financial at Rs 560; Equitas top pick: Investec Cap

Max Financial Services is in focus on news that HDFC Life will continue looking at Max Financial Services merger proposal along with its initial public offering (IPO) plans. In an interview to CNBC-TV18, Nidhesh Jain, Analyst at Investec Capital Services shared his views on the merger and other NBFC stocks.

Max Financial Services is in focus on the news that HDFC Life will continue looking at Max Financial Services merger proposal along with its initial public offering (IPO) plans.

In an interview to CNBC-TV18, Nidhesh Jain, Analyst at Investec Capital Services shared his views on the merger and other NBFC stocks. FREE TRAILS TIPS

According to him, the likelihood of Max-HDFC Life merger not going through has increased in last few weeks and that is negative for the stock.

Investec recommends entering Max Financial at Rs 560.

Speaking about other non-banking financial companies (NBFC) stocks, he expects positive collection trends from Bharat Financial Inclusion in Q1 of FY18.

He further said that Investec Capital continue to push Bharat Financial Inclusion; Q1 has seen positive collection trends.

"On fundamental long-term perspective our top pick is Equitas Holdings. We think the management is building sound banking franchise," he added.
www.bigprofitbuzz.com

No comments: