Kaynes Tech could turn attractive, metals too pricey; NBFCs favoured over Banks: Dipan Mehta

Elixir Equities’ Dipan Mehta says Kaynes Tech may become attractive once volatility settles, given its strong industry dynamics and expansion plans. He remains positive on metal stocks but warns valuations are rich and better bought on corrections. Mehta prefers leading NBFCs like Bajaj Finance, Chola and Muthoot over banks or small finance lenders due to competition and unsustainable long-term margins.