Business Standard

Use correction in financials to buy for the long term: CLSA's Chris Wood

Analysts see no respite for NBFCs at the bourses in the near-term

Christopher Wood, Managing Director & Equity Strategist, CLSA
Web Exclusive Premium

Christopher Wood, Managing Director & Equity Strategist, CLSA

Puneet Wadhwa
The recent sharp correction in the stock prices of financial stocks should be used as an opportunity to buy for the long term, says Christopher Wood, managing director and equity strategist at CLSA in his weekly note to investors, GREED & fear.

“There have been some fun and games in India’s financial stocks over the past week partly driven by Reserve Bank of India (RBI) announcements, and partly driven by the market discounting higher wholesale funding costs for non-bank financial companies. This setback should be viewed as a long-term buying opportunity. Still portfolios with such exposures need to hedge the

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 28 2018 | 10:45 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com