Neutral impactCorporate Action
India not cheap enough yet, but NBFCs and manufacturing still offer opportunities: Aurveil's Conrad Saldanha
CNBC-TV18 42 min ago·23 Oct 2026, 3:42 am
Global investors are currently hesitant to fully invest in Indian equities, citing high valuations and elevated oil prices as primary reasons. According to Aurveil Capital's Conrad Saldanha, the market is not yet considered 'cheap' enough to trigger a broad-scale rush. However, he suggests that this ongoing market correction could be a strategic time to look for specific opportunities.
Saldanha points to three key sectors that may offer value: Non-Banking Financial Companies (NBFCs), manufacturing exporters, and power equipment companies. These areas are expected to benefit from structural tailwinds, even as the broader market remains cautious. Investors should monitor these sectors closely for potential entry points as the macro environment stabilizes.
Key takeaways
- Category: Corporate Action.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update worth tracking. Use the price and stock snapshot to gauge how the market is responding.
