Chakri Lokapriya on 4 cement and metal stocks to consider now

Chakri Lokapriya: HDFC Bank's results were largely in line with expectations as it is a kind of slight mixed numbers, slightly weak, but that is all right because it reflects the transition that the bank is going through because you have the need to increase their share of loans with the retail, with the SME, which are all higher-margin loans and the traditional HDFC book has to be balanced out...

Chakri Lokapriya: I recall discussing this topic with you, at the time of the launch when Triumph and Harley-Davidson had come to India and that marked the beginning where Eicher would start losing market share because there was a good chunk of Eicher buyers, motorbike buyers, who would rather buy a Harley-Davidson or a Triumph given the global brand..

Bajaj Finance being the leader, is clearly going to lose market share in this whole process and also lose margins and also its valuation, given its status and being right up there in terms of multiples which will start coming down as we go out into the future...

Against this backdrop of lower input costs and higher volumes and valuations are not demanding at all, both large companies like UltraTech as well as more regional players like Dalmia Bharat will clearly benefit...

Chakri Lokapriya: In the banking sector, if you look at some of the NBFCs, the valuations are still on their side whether it is Cholamandalam Finance or Shriram Finance, all these companies now will start benefitting as the cycle turns towards more vehicle financing, accelerating as the economy recovers..

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