In an interview to CNBC-TV18, Deepak Shenoy, founder of Capitalmind.in, shared his views on the fundamentals of the market. He also discussed Nombanking finance company (NBFC) stocks and other sectors.

"Bajaj Finance is still overpriced from a long-term perspective, but it is an excellent company to own. As a disclosure, we have an interest in it,” said Shenoy.

NBFC damage may continue for a few more days until the Reserve Bank of India (RBI) comes out with regulations, but longer term there is no major solvency issue in most of them, he said.

On Tata Elxsi, Shenoy said, “The stock is excellent, results were fantastic, margins contracted a little bit, but I believe going forward they still have a great runway going ahead.”

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First Published:Oct 8, 2018 4:26 PM IST