Why The Time Is Ripe To Buy These Three CV Lenders For Bumper Gains

FY17 a potential bumper year for CV/CE lenders: We believe the cyclical upturn in the CV industry has already begun and will last for another 3-4 years. Recovery in demand, asset quality and margins could be sharper for NBFCs this time around given that CV volumes were severely affected in the last 2-3 years. As the CV recovery gathers pace, we expect FY17 to be a bumper year for CV/CE (commercial vehicle/construction equipment) lenders.

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