Negative impactSector
Stay underweight on banks and insurance; NBFCs, manufacturing offer better value: Enam Holdings' Sridhar Sivaram
CNBC-TV18 1 hr ago·12 Oct 2026, 5:47 am
Sridhar Sivaram of Enam Holdings has advised investors to maintain an underweight position in banks and insurance stocks. He argues that despite these sectors trading at lower valuations, structural shifts are making them less attractive compared to other segments. This perspective suggests that the current market pricing may not fully account for the long-term challenges facing traditional financial institutions.
The analyst highlights better value opportunities in manufacturing, non-banking financial companies (NBFCs), and housing finance. He also cautions that initial public offerings (IPOs) are currently priced too expensively. For retail investors, this signals a need to look beyond the usual banking heavyweights and consider sectors that might offer more favorable risk-reward profiles in the current market cycle.
Excerpt from CNBC-TV18
Published On Oct 12, 2026 | 11:17 IST Last Updated On Oct 12, 2026 | 11:17 IST Enam Holdings' Sridhar Sivaram advises staying underweight on banks and insurance due to structural competition and regulatory risks, preferring NBFCs, housing finance, and manufacturing sectors for better long-term value. Sridhar Sivaram,…Read the original at CNBC-TV18
Key takeaways
- Category: Sector.
- AI reads the tone as negative (potentially bearish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update worth tracking. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
