Religare has issued a comprehensive report claiming that the worst cycle for CV/CE lenders in the last 20 years is coming to an end and that a strong cyclical upturn coupled with lower fuel and funding costs could turn FY17 into a bumper year for three CV lenders
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.
why none comment for religare buys!!