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HomeNewsBusinessMarketsChart of the day: NBFC stocks turn market darlings

Chart of the day: NBFC stocks turn market darlings

With expectation of a good monsoon this year and increased consumption due to the 7th Pay Commission and OROP, rural demand is expected to pick up which will benefit NBFCs further.

June 03, 2016 / 19:16 IST
     
     
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    Sidhartha Shuklamoneycontrol.comOver the last one year, shares of non-banking finance companies (NBFCs) have found favour with investors as they decided to stay away from beleaguered state-run banks and private banks, some of whom are considered expensive by analysts.With expectation of a good monsoon this year and increased consumption due to the 7th Pay Commission and OROP, rural demand is expected to pick up, which will benefit NBFCs, many of whom have a rural focus, further.

    Here's a chart depicting the stock performance of key NBFC stocks over the past one year.

    first published: Jun 3, 2016 12:44 pm

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