Chart of the day: NBFC stocks turn market darlings

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 7^th 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.