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Nykaa yet to reach fair value; financials decently placed: Sandip Sabharwal
“In financials, the overall scenario remains constructive but as the deposit rates go up sharply, especially on the term deposit side, we will see some margin compression. As rates go up, we will see some sort of issues come up on the NPA front, especially from those which are largely on the retail side. Overall, financials as a space are decently placed.”